₹5,000 late fee: Your last chance to file belated income tax returns before December 31
Taxpayers who missed the July 31 deadline to file their Income Tax Return (ITR) for the financial year 2023-24 (Assessment Year 2024-25) have until December 31 to file a belated return. Filing now comes with a late fee of ₹5,000, as per Section 234F of the Income Tax Act. A belated return, defined under Section … Read more