Mr. Pawan is engaged in the business of roasting and grinding coffee beans. During F.Y. 2025-26, his total income is 4.5 lakhs. Mr. Pawan filed his…

CA Intermediate · Taxation · MTP · May 2026
Mr. Pawan is engaged in the business of roasting and grinding coffee beans. During F.Y. 2025-26, his total income is 4.5 lakhs. Mr. Pawan filed his return of income for A.Y. 2026-27 on 3rd December, 2026. What shall be the fee payable for default in furnishing in return of income for A.Y. 2026-27?
(A) ₹ 5,000
(B) Not exceeding - 1,000
(C) No fee is payable as tax on total income is Nil
(D) No fees payable as total income is below - 5,00,000

Suggested Answer and Working Notes:

Correct Answer: Option (A)

₹ 5,000

Topics: Paper 3A: Income Tax Laws

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic