Income tax returns (ITR) filing: Section imposing Rs 5000 fine for delayed ITR challenged in court
The Madras High Court today issued a notice to the Centre on a PIL challenging a new section in the Income Tax Act which imposes a fine of up to Rs 10,000 for late filing of I-T returns from Assessment Year 2018-19
The petitioner submitted that the fine under section 234F was imposed indiscriminately on all taxpayers except for those with income under Rs 5 lakh. Image source: Pixabay