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ITR Filing Last Date Today: What Happens If You Miss The Deadline

If you haven't filed your Income Tax Return (ITR) yet, it's your last chance to do so without incurring penalties. The deadline for most taxpayers, particularly salaried individuals, pensioners, and small businesses not requiring an audit, is Monday, September 15. Earlier, the date was extended from July 31 to give taxpayers more time. Now, the window is about to close. Missing the deadline carries financial and procedural consequences. Penalties If You Miss The ITR Deadline If a taxpayer fails to file their ITR by the due date, the law allows for the filing of a belated return. For the current financial year, belated returns can be submitted until December 31. This comes at a cost. Under Section 234F of the Income Tax Act, late filers must pay a penalty fee. If the total income is up to Rs 5 lakh, the penalty is capped at Rs 1,000 . For individuals earning more than Rs 5 lakh, the penalty rises to Rs 5,000. Beyond this, if any tax is due, the taxpayer will also be liabl...
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FOX NEWS: Tropical Smoothie Cafe pledges to donate 100,000 smoothies to healthcare workers amidst coronavirus outbreak


Tropical Smoothie Cafe pledges to donate 100,000 smoothies to healthcare workers amidst coronavirus outbreak



This company found a smooth way to help out with the coronavirus pandemic.

via FOX NEWS https://ift.tt/3dHgdoW
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