Belated ITR Filing:If you miss the ITR filing due date, you can still file a belated return, but you must do so by December 31st of the particular assessment year. For example, if you miss the July 31, 2024, due date for the financial year 2023-24 (assessment year 2024-25), you c...
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. ...
When filing your Income Tax Return (ITR), it's crucial to meet the Income tax return filing last date to avoid penalties and maximise benefits: Interest:If you miss the deadline for Income tax filing, under Section 234A, you will incur an interest charge of 1% per month or part thereof...
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.
Late Income Tax Return Filing Fee Details E- Filing Date Total Income Below INR 5,00,000 Total Income Above INR 5,00,000 Before 31st July 2024 (Non-audit) and 31st Oct 2024 (Audit cases) INR 0 INR 0 After 31st July 2024 (Non-audit) and 31st Oct 2024 (Audit cases) INR 1,000 ...
Before filing the return, the due tax must be paid. The tax can be paid online or through challan 280 by depositing in bank with cheque or cash. Step 2: Late Return Filing If the taxpayer has missed the due date of filing the Income tax return, the same can still be submitted as ...
Insert PAN for whom you need to furnish the return and choose the “Assessment year” and Tap on “Proceed”. The assessment year 2024-25 can be chosen. Step 9: Pre-filled JSON can be downloaded after logging into the e-filing portal through: ‘My Account -> ‘Download Pre-Filled for...
Previously filed return, if an amended return is filed for the same quarter. Do I need to have a COR before I can use Taxumo? Taxumo does not require you to upload your COR.This means you can already start filing even without your COR on hand. ...
Note: that ITR-U cannot be used to show a loss return, claim income tax refund and so on. When can an Updated ITR be filed? An Updated Returncan be filedin the following cases: Did not file the return. Missed return filing deadline and the belated return deadline ...
Login to File Income Tax Returns (ITR) for FY 2024-25 (AY 2025-26) 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