Rs 5000 Penalty If You Don’t File Income Tax Returns By July 31; Rs 1000 Fine Even If Zero Tax Payable

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4 months ago

The Income Tax Department has reported that over five crore income tax returns (ITRs) have been filed as of July 26. However, many taxpayers are experiencing difficulties with the tax filing portal, putting them at risk of missing the crucial July 31 deadline. Despite these issues, the tax department is unlikely to extend the deadline. […]

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