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Tendulkar, Rohit, ICC Chief Jay Shah In Attendance For Women's World Cup Final

Cricket legends Sachin Tendulkar and Rohit Sharma, along with ICC Chairman Jay Shah, and several celebrities were present in the stands at the DY Patil Stadium to witness India take on South Africa in a historic final of the Women's World Cup in Navi Mumbai on Sunday. Just as thousands of fans had made a beeline to the stadium to witness the historic occasion of the Indian women's team playing a World Cup final on home soil, cricket stars and celebrities too were in attendance to enjoy the game and support the Indian team. The stadium was jam-packed with fans who had braved early afternoon rain to remain in and cheer the home team in what is India's third appearance in the summit clash. Sachin Tendulkar was shown by the broadcasters keenly watching the match while batting legend Sunil Gavaskar, VVS Laxman, and former India batter Brijesh Patel were the other celebrities in attendance at DY Patil Stadium on Sunday. Rohit Sharma watched the match with his wife Ritika. The ...
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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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