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. 6. Contribute...
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...
LET's START Check out ourCustomer Reviews frequently asked questions Q. What are the due dates of filing Income Tax Returns ? -For Individuals, the last date of filing Income Tax Return is 31st July of next financial year -For Companies & Persons who require tax audit under section 44AB,...
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.
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CBDT Extends Date for Filing ITR-V Formraj kumar makkadPrint this
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. Late Return Filing If the taxpayer has missed the due date of filing the Income tax return, the same can still be submitted as "belated ...
Condonation of Delay in Filing ITR Section 119(2)(b) Central Board of Direct Taxes has given the powers to income tax authorities to accept the income tax return for a financial year even after the expiry of due date of the same by using its powers as laid down under section 119(2)(...
ITR 6 is a tax return form for all the companies which are not claiming the exemption u/s 11 (Income from property held for charitable or religious purposes). The 31st of October is the due date for filing the ITR 6 for AY 2023-24. ITR 7 Form is meant for all Charitable /Religious...