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What Caused Deadly Fire At Swiss Bar That Killed 40 On New Year's Eve

Swiss investigators said Friday that they believe sparkling flares atop Champagne bottles ignited the fatal fire at a ski resort when they came too close to a crowded bar's ceiling. Forty people were killed, and another 119 were injured in the blaze as it ripped through the busy Le Constellation bar at the ski resort of Crans-Montana while revellers were celebrating New Year's Eve, authorities said. Among the crowd was Axel Clavier, a 16-year-old from Paris, who said he felt as if he was suffocating inside the Swiss Alpine bar where moments before he had been ringing in the new year with friends and dozens of other people. The teenager escaped the inferno, which broke out early Thursday, by forcing a window open with a table. But about 40 other partygoers died, including one of Clavier's friends, falling victim to one of the worst tragedies in Switzerland's history. Many of the wounded were in their teens to mid-20s, police said. Clavier told The Associated Press t...
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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 liable to pay interest for the delay in payment.

If you miss the filing deadline for taxes due, Section 234A of the Income Tax Act imposes simple interest at 1 per cent per month, or part thereof, on the unpaid amount until the return is filed.

Missing the deadline also limits certain tax benefits. Belated filers cannot carry forward specific types of losses, such as capital or business losses, to future years.

In some cases, deductions or exemptions may not be available if the return is filed late. Taxpayers may also lose the flexibility to switch between the old and new tax regimes after the due date.

Another drawback is the delay in refunds. Those who are entitled to a refund will receive it later than timely filers.

Steps Taxpayers Should Take Immediately

  • Collect all necessary documents - Gather Form 16, Form 26AS, the Annual Information Statement (AIS), bank interest certificates, and proofs of investments or deductions.
  • File through the e-filing portal - Submit your return as soon as possible to avoid last-minute rush or portal slowdowns.
  • Verify your return - The ITR must be verified electronically or physically within the prescribed time to be valid.


from NDTV News- Special https://ift.tt/gAvi6Y8
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