Hi, This is Sumit Adhikari. I am supposed to file my Income Tax Return for first time. Thus, I need to know the due dates and possible ill effects if I don’t file Income Tax before due date. Please help!!
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Hi Sumit,
This is Naresh Bharatwal here. The revised due date for filing ITR 2018-19 for individual is July 31, 2019.
When an individual files a tax return after the due date, interest is levied at the rate of 1% per month, for each month of delay following the due date of return filing on any remaining tax payable.
a lot of people consider tax filing as labourous task which leads to delay in filing and ultimately they end up paying fine for no reason. Thus, please consult any tax practitioner as soon as possible and get it done.
Sujeet Karn Changed status to publish
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