ITR Filing

This query is : Resolved

sankar ponnan (Querist)
Follow

28 September 2020 SIR
In Case if we delay the filing of ITR for 19-20 before the 30th Nov 2020, what will be the consequences which we have to face?
Guide me sir
thanks in adv

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

28 September 2020 Likely the date will be extended. If not late filing fee payable.

CA Kushwanth AVSR

CA Kushwanth AVSR (Expert)
Follow

29 September 2020 If you hadn't paid any advance tax or short paid then interest u/s 234B and 234C are leviable and you have to pay the same with continuing delay in filing return, even if you file within due date, with change in month these interests changes and you have to pay such interest. If you file after due date then in addition to these you have to pay interest u/s 234A and late fees u/s 234F and you might even loose some benefits in income tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajat Khandelwal

efiletax

asmita gupta

Shraddha Pangam

Choudhary

Subscribe Now

ITR Filing

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA