will the procedure be same of efiling after due date to before due date of efiling.
is their any panelty by income tax department if efiling is done after due date?
Menu
E filing return after due of efiling
Replies (2)
Yes, procedures will be same except in ITR u need to select the section 139(4) for belated return
and for late filing 234A interest will apply @ 1% p.m for every late month if tax payable cases refundable cases no penalty
There is no penalty on late filing of IT Returns.
But there are some disadvantages Interest 1% on Net Tax Liability, you can't carry forward ur loss to subsequent years & may not be able to get refund
Recent Threads
- Capital gains builder property
- Urgent Guidance Needed: New Proprietor Facing S
- Penalty 270A
- Form 10E to waive-off Severance Pay of 7 Years
- Incorrect Demand reflecting online in govt IT PORT
- Offshore company POEM for Indian resident
- Correction in 26QB filed for late TDS filing
- GST- ITC CLAIM ON LOAN PROCESSING CHARGES
- CApital gains deduction u/s 54EC
- Reversal of Cess shown in provisions credit balanc
Related Threads
CAclubindia
