Penalty For Efiling Belated Return AY 2019-20
Belated return is the return, we efile after due date as issued by IT department IT department.
Efiling belated return:In this article we will share the penalties, you will have to pay in case you efile your ITR after due date AY 2019-20.
Efiling Before 31st December
Income tax Department has issued a circular,which says that if a tax payer fails to file his/her return on or before due date,will have to pay rs. 5000 as penalty upto date 31st december 2019.
Filing Belated ITR after 31st December
It further says that Efiling return after 31st December and before 31st March next year will lead to rs. 10,000 penalty.
Deadline for efiling Extended
IT department has extended the efiling return deadline from 31st July to 31st August.
Now tax payers can file their income tax returns upto 31st August 2019.
But to avoid last minute rush,do file before due date.