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Q.

Can information of late payment fine be made after 3 years?

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1

3 Year

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0 2022-11-26T07:35:16+00:00

Hey Buddy,

I have gone through your query and I am not able to understand the exact intent of your query. Hence, I would like to suggest that you repost your query. However, if you are talking about a late ITR payment fine, then I would like to say that Section 234F of the Income-tax Act of 1961 imposes a late filing fee or penalty for filing a belated ITR. According to the law, anyone who submits their ITR after the deadline will be charged a late filing fee of Rs. To provide small taxpayers some relief, the late filing fee would not be more than Rs. 1,000 if the total income is less than Rs. 5 lakh.

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It's crucial to remember that the deadline for submitting a late ITR is December 31, 2022. As a result, a person may submit a late ITR at any time between August 1 and December 31 of 2022, subject to payment of a penalty.

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Is There Any Penalty for Late Filing of ITR?
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