how to request non-imposition of penalty under 270A and 234F when the taxable income is below 2,50,000 after deductions under 80C but the return hasn’t been filed yet and a notice under 148A(d), 148, 142(1), and then 144 is issued. How to avoid Penalty he is a retired army soldier he got notice but we reply so alot of amount is removed taxable but now it is 2,55,433 in that only 15,322 rupees is interested credit Bank and some 1543 rupees tds deducted but now how to avoid Penalty of itr not filling and how to solve this issue
Hello @Loki
It is advisable to file the ITR is the income is more than ₹2,50,000. In this case, you can file the return, claim the TDS refund and avoid the penalties. Since the return is filed after due date there is no way to avoid the penalty of Late Filing Fees u/s 234F.
Hope this helps!