INSUBCONTINENT EXCLUSIVE:
A belated return of income is furnished under section 139(4) of the Income Tax Act.Missed the August 31 deadline for filing income tax
A belated return of income is furnished under section 139(4) of the Income Tax Act
The amount of penalty payable by the assessees filing a late return increases based on the degree of delay
Any person who has not furnished a return of income within the time period allowed under section 139(1) of Income Tax Act can furnish return
for any previous year - at any time before the end of the relevant assessment year or before completion of the assessment, whichever is
earlier, according to I-T department.2
A belated return attracts late filing fees under section 234F of the Income Tax Act.3
tax exemption limits for an individual?There are three categories of individual taxpayers- individuals (below the age of 60 years) which
includes residents as well as non-residents, resident senior citizens (60 years and above but below 80 years of age) and resident super
submit their income tax return (ITR) online.Get Breaking news, live coverage, and Latest News from India and around the world on
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