![]() ₹10,000-₹1,00,000, plus a late filing penalty of ₹200 per day until the TDS/TCS is paid under Section 234E.Ī taxpayer who has earnings neglects to file his/her ITR or is discovered to have under-reported his income on his returns.ĥ0% of the total payable tax on revenue for which no return was filed Since the prescribed due date, interest is at 1% per month on the outstanding tax amount.įailure to file TDS and TCS returns by the deadline If the ITR is submitted before the 31st December of the Appraisal Year, the fee is ₹5000 if the ITR is submitted after the 31st December but before the 31st March of the Assessment Year, the fee is ₹10,000.Ī person passed the Income tax return filing last date and has an unpaid tax balance. ITR filing after the last date to file ITR Section Wise Penalty For Not Filing ITR Before Last Date to File ITR Section ![]() Continue reading to find out which one applies to you and how you can get this payment cleared. We have compiled every type of late penalty for failure to file ITR applicable under various sections. On the other hand, not filing ITR results in a variety of penalties under various sections of the Income Tax Act. What is a taxpayer wise penalty? and how to pay it ? Here are the answersįiling your income tax returns provides numerous advantages. Not filing ITR result in penalties under the Income Tax Act.
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