5. Avoid penalties and late filing fees The Income Tax Department can impose a penalty of up to ₹5,000 for delayed filing or non-filing of an ITR. An additional penal interest on the unpaid tax liability will also be levied if you're filing return after the due date. ...
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
Login to File Income Tax Returns (ITR) for FY 2023-24 (AY 2024-25) online with ClearTax. ClearTax is fast, safe and easy for ITR E-Filing. ClearTax handles all cases of Income from Salary, Interest Income, Capital Gains, House Property, Business and Prof
It is also the due date for filing the Income Tax return for the AY 2021-22 for all the assess who are liable to get their account audited except corporate and non-corporate parties and for the entities who have made specific domestic and international transactions August 2021 August 7 –Due...
CategoryIncome TaxReport Other Articles CommentShare 2 Likes6019 Views Comments 28 June 2020Latha Nair Please clarify if TDS filing dates have been extended for Q4 FY 19-20 26 June 2020Mithun Prusty I can't understand the extension u/s 200(2A).. what is the section for??
TDS / TCS Compliance Reminder for January 2025 TDSMANJanuary 6, 2025No Commentson TDS / TCS Compliance Reminder for January 2025 7th January 2025 – Due date for TDS/TCS payment for deductions/collections during December 2024 15th January 2025 – Due date of filing TCS Returns for Quarter 3 ...
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Remember that filing a belated return comes with consequences. What are they? Let’s take a look Interest u/s 234A Simple Interest @ 1% of tax liability per monthor part thereof will be levied if you file a belated return. The calculation of interest will be from the date after the due...
In Income Tax Return Form in the Residential Status one needs to select NRI as shown in image below(highlighted by box). NRI in ITR What is the last date for filing India tax returns for NRI? The last date to file returns for NRI is same as that for the resident India. For the fin...
It must however be noted that there is a penalty associated with filing a belated ITR. The individual also stands to lose some of the benefits for not adhering to the e-filing of income tax return by the deadline. For FY 2017-2018, the due date for e-filing income tax returns was ...