₹5 per annum, then you can file your ITRs for assessment year 2023-24 or fiscal 2022-23 till 31 December 2023, by paying a penalty of ₹5,000.It added that if your income is below ₹5 lakh per annum, then the penalty cost is ₹1,000 for filing ITRs till the end of the year.
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