If income is nil for a trust and return is filled after the due date i.e. 31/07/2024 then section 234F fess penalty for ₹ 1,000 is applicable?

Section 234F penalty for late filing of the return applies even if the income is nil. The penalty is 1,000 if the return is filed after the due date but before 31st December of the assessment year. If filed after 31st December, the penalty increases to 5,000.