INSUBCONTINENT EXCLUSIVE:
Income tax return: Filing an ITR after August 31 day will attract penalty as well as interestIf you are looking to avoid paying any penalty
charges on the income tax you are liable to pay, you must file your income tax return by the end of this month
Filing or submitting an income tax return after that day will attract a penalty amount ranging from Rs 5,000 to Rs 10,000 depending upon the
What happens if an individual misses the last date of August 31Not filing the income tax return within the due date attracts interest at the
income tax return within the due date, say tax experts.If the income tax return is filed beyond due date but before December 31, then fees
5,000 whereas in other cases it will be Rs
However, in case of taxpayers whose total income does not exceed Rs
5,00,000, the fees payable shall be restricted to Rs
1,000, said Ashok Shah, partner, N.A
Which form should you use to file the income tax returnThe Income Tax Department has provided seven forms - known as ITR forms - to enable
assessees to file their income tax return online
For those with an income between Rs 2.5 lakh and Rs 5 lakh, the five per cent slab is applicable - meaning income tax of 5 per cent
In the senior citizen and super citizen categories, annual incomes up to Rs 3 lakh and Rs 5 lakh do not attract income tax, according to
Previously, assessees were given a two-year window to revise and resubmit an erroneous ITR
The earlier an individual files the ITR, the more time he or she gets for making a revision, say experts.5
How to verify an income tax return Is it mandatory to do soThe Income Tax Department has mandated the public to verify the income tax return
