Respected Peers,
Good Afternoon!
I have not been filed the ITR for the FY2020-21 (i.e.AY 2021-22) so far. It should be filed on or before 31-03-2022, I understand but I could not.
I have approximately 3.2 lacs rupees tax from long term cap gain (approximately 17 lacs gain I got) and from equity trades/investments, I have 4.64 lacs profit from long term, 3.09 lacs from shorterm, 14 thousands from intraday/speculative gains.
So tatal 11.07 lacs from capital gains (property/shares).
And other than the above, I am getting 36 thousands/anum (3000 per month) from an insurance pension plan and 25 thousands/anum interest from NCD (private Financ co).
Now what sort of Penalty/Fine I should paid to IT other than the Tax for the above 11.07 lacs (+ 61 thosands) and what sort of documents I should submit for this late (too late) ITR filing.
And whether this late filing will make any sort of problem for the next year submission ( I mean FY2021-22, AY2022-23). Please advise me.
Thanking you,
Regards
CAclubindia
