Sparsh Wadhwa
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Missed The Deadline - File BELATED Income Tax Return Thе Incomе Tax Rеturn (ITR) filing sеason in India is an annual affair that rеquirеs taxpayеrs to submit thеir financial information to thе govеrnmеnt by thе spеcifiеd duе datе. For thе financial yеar 2022-23, thе duе datе for filing ITR was sе
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FAQ :
A belated ITR is an income tax return filed after the original due date. For the financial year 2022-23, the original due date was July 31, 2023.
The deadline to file a belated Income Tax Return for the financial year 2022-23 is December 31, 2023.
Yes, filing a belated ITR comes with financial consequences. A late filing fee of up to ₹1000 may apply for incomes between Rs. 2.5 lakhs and Rs. 5 lakhs, and Rs. 5000 for incomes over Rs. 5 lakhs.
Besides penalties, filing a belated return may also result in interest charges on any outstanding tax liabilities and can delay the receipt of any tax refund you are eligible for.
To file a belated ITR, gather your financial documents, visit the Income Tax e-filing portal, select the correct ITR form, fill in the details accurately, calculate and pay any dues, then submit and verify the return.
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