alleryStart learning →Section 234F applies to returns for which assessment years?
A2016-17 onwards
B2018-19 onwards
C2014-15 onwards
D2020-21 onwards
Answer & Solution
Correct answer: B. 2018-19 onwards
Sub-section (2) limits the fee to assessment years commencing on or after 1 April 2018.
Keep practising Return of Income
Browse all Return of Income questions for CA Inter, or explore more Taxation topics.
Related questions
As worded in section 234F, total income is Rs 8 lakh and the return is filed on 20 DecembeAs worded in section 234F, an individual with total income Rs 4,50,000 files after 31 DeceTax due Rs 2,00,000; Rs 1,20,000 paid by 15 Dec. 234C interest on that shortfall?Tax due on the returned income in 234C is tax on income declared where?Under-estimating which income does not attract 234C if paid in later instalments?Who pays advance tax in a single instalment by 15 March under 234C?A June shortfall escapes 234C if advance tax paid is at least what share?The 15 March instalment shortfall carries 234C interest at what rate?