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PENALTY ON LATE ITR
ITR filing due dates for AY 2026-27: July 31 is not the deadline for every taxpayer; check 5 other tax filing due datesThe Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their...
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
ITR filing deadline: How much penalty amount you need to pay if you miss September 15 due date?The ITR filing deadline is September 15, 2025. This is for individuals not requiring audits. Missing it means late fees. Section 234F detai...
ITR filing deadline extension: Has the deadline to file ITR for audit cases been extended from November 15, 2024?November 15, 2024 ITR filing deadline: The CBDT has not extended the deadline to file income tax return (ITR) for taxpayers whose accounts ...
The government is estimated to have earned up to Rs 627 crore from late ITR filing fee till August 22, 2024Belated ITR fees: The government may have earned up to Rs 627 crore from collection of late ITR filing fees till August 22, 2024. As per ru...
What is the penalty for filing ITR after the deadline of July 31, 2024?Penalty for missing ITR filing deadline: The penalty for late filing of the Income Tax Return (ITR) applies to individuals who fail to meet...
No penalty for missing ITR filing deadline of July 31, 2024 for these peopleITR filing: You don't have to pay the penalty of Rs 5000 or Rs 1000 for filing the ITR after deadline, if you are filing a tax return volun...
Penalty for missing ITR filing last date: Who has to pay and who doesn'tPenalty for late filing ITR: Under the Income-tax Act, 1961, a penalty or a late filing fee is levied when a taxpayer misses the last date ...
When is the last date to file a belated ITR?Now that the deadline for income tax return (ITR) filing is over, you can only file a belated ITR by paying a penalty and interest on the i...
What is the penalty for missing ITR filing deadline?Till FY 2019-20 (AY 2020-21), an individual was allowed time till the end of the financial year, i.e., March 31 to file belated ITR by payi...
ITR filing deadline missed? Check how much fine you will have to pay for filing belated ITRIf you miss the deadline of filing income tax return (ITR) for FY 2022-23 (AY 2023-24) i.e., July 31, 2023, then an individual has an optio...
What is last date of filing income tax return (ITR) for FY 2022-23 (AY 2023-24)?A taxpayer should try to file the income tax return before the expiry of the deadline. At present, income tax laws allow individuals to fil...
ITR Filing: Know income tax return (ITR) form applicable to you, penalty for missing the deadlineThe government has notified the income tax return forms for FY 2022-23 in February 2023. The income tax department is gradually releasing t...
Penalty for missing ITR filing deadlinePenalty for missing ITR filing deadline
Missing ITR filing deadline on Jan 10, 2021 will attract penalty twice that of last yearThe last date to file income tax return for FY 2019-20 is January 10, 2021. As per the income tax laws, a penalty of Rs 10,000 will be levi...
ITR filing: No penalty if you file by midnight today and revise later if neededAccording to current income tax laws, there is no fees or penalty for revising your income tax return within the prescribed time limits.
Didn't file ITR for last two financial years? Here's why you should before March 31As per the income tax laws, it is mandatory for individuals having income more than basic exemption limit (depending on the age) to file IT...
Relax! Penalty for filing income tax return after due date is only applicable from FY 2017-18The Rs 10,000 fee is applicable with effect from April 1, 2018 and will not apply for returns filed for FY2016-17 for which the deadline is...