Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Income-tax
Penalty for late filing of the Income Tax Return for individuals under the Income Tax Act, 1961 is up to a maximum of amount of :
1
Rs. 10,000
2
Rs. 25,00,000
3
10% of Gross Total Income
4
2% of Tax liability