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How to file itr online after due date

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 · Earlier, as per the amendment to the Finance Act, ITR could be filed one year after the end of any assessment year. After the amendment to the Finance Act, it was 2 days ago · How to claim income tax refund. As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 (unless the deadline is extended)  · The hubbub around the filing of an Income Tax Return, after the due date, is lawful and quite understandably obvious. Usually, Income Tax Returns in India need to be filed However, there are those who will submit their returns after the due date, which means that they will have to pay fine-cum-late fee for filing belated ITRs (₹ 5, for taxable income of more  · Checkout this Video to know about Income Tax Return Filing After Due Date AY Belated | How to File ITR After Due Date Belatedhow to file income tax r ... read more

If you have changed jobs during FY , then you will receive Form 16 from your old as well as your new employer. Here is a step by step guide on how to file an income tax return with two or more Form Many of you who already own a second house or looking to buy a new house might give a look at the rules listed here to receive the often missed benefits. A person's gross total income chargeable to tax various heads and one of these heads of income is 'Income from House Property'.

The most important thing for ITR filing is getting the required documents together. Documents you need would vary depending on the types of income you have. HRA tax benefit is available only to salaried individuals opting for old tax regime who have the HRA component as part of their salary structure and is staying in a rented accommodation. Self-employed professionals cannot avail this deduction.

When you pay your kids' tuition fees, it qualifies for income deduction and also helps in reducing your tax liability. Here is how you can claim this tax benefit under section 80C of the Income-tax Act, under the old tax regime. Here are the steps to file an income tax return to claim a tax refund from the income tax department. The Income Tax department has made provision for assesssees to link their PAN to Aadhaar on the efiling portal.

You can claim deductions from your gross total income by investing in avenues specified by the government. Most people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considering. The I-T Department maintains a database of the total tax paid by a taxpayer i.

The losses under the head income from house property can be considered by your employer while computing the TDS on the salary. Nifty 17, NSE Gainer-Large Cap. Star Health FEATURED FUNDS. Pro Investing by Aditya Birla Sun Life Mutual Fund. Mirae Asset Hybrid Equity Fund Direct-Growth.

Market Watch. Mutual Funds. ET NOW. Tax How to file ITR. Tax Saving. ITR Forms. Income Tax Refund. Tax Exemption Limit. Income Tax Slabs. Insure Life Insurance. Health Insurance. Motor Insurance. Other Risk Covers.

Real Estate RERA and You. Personal Finance News. How To File ITR After Due Date. Top Searches: PNB FD Interest Rates HUF SBI Loan Interest Rates SBI BPLR Rate Sovereign Gold Bond Scheme PPF Interest Rates PM Kisan Maandhan Yojana FD Rates ITR Refund New NPS Pension Rules NPS Bank Holidays September What is a belated income tax return and what are its consequences. How to file income tax return after due date How to get PAN card details corrected How to update or correct Aadhaar details online and offline.

Filed your income tax returns? Tax notices that you may get and how to deal with it 5 Jul, , PM IST You should first understand the section under which you have received it.

How to rectify income tax returns 24 Jul, , AM IST If you realise that some income was not reported, or some deduction was not availed of in the return computation, it is possible to file rectification request. No penalty for late ITR this year but here are 4 important reasons to file it in time 29 Jul, , PM IST Even if all your taxes are paid and with no penalty for delayed filing this year, you would still lose out on certain benefits in case of delayed ITR filing. Yet to file ITR? These office allowances can get you tax exemption 4 Mar, , PM IST Here are the tax-exemption limits for various allowances that are recived by employees.

Here's what will happen if you miss income tax return filing deadline 31 Jul, , PM IST The big question right now is what happens if you still miss filing your tax returns before August 5 midnight. Mistakes in filing income tax returns that may get you a tax notice 23 Aug, , AM IST Even a small mistake can land you in trouble with the tax department. Received Form 16? What figures to check and where 12 Oct, , PM IST The new ITR forms for the assessment year mandate that salaried class employees provide their salary breakup while filing returns.

Here is what to do if you have missed the ITR filing. If you file your ITR after the deadline, then a late filing fee will be levied. If your taxable income is below Rs 5 lakh, the maximum penalty will be Rs 1, On the other hand, if the tax evaded exceeds Rs 25 lakh the punishment could be 6 months to 7 years", as per the website of the Income Tax Department. Until assessment year AY there was no penalty for filing belated income tax returns.

However, this penalty is applicable from AY A new, section F, was inserted by the government into the Income-tax Act, The process of filing a belated return is the same as filing the return on or before the due date.

If due to any reason, the taxpayer is not able to file his income tax return, he can still submit a belated return before the end of the assessment year i. If you are filing a belated return for FY, then you need to fill the applicable ITRs as notified for this FY, and not for any previous or later FY.

The relevant assessment year for a financial year is the immediately succeeding financial year. This means that you can file the belated return for FY by March 31, , i.

One, the nature of revenue recognition was changed. US and European importers of merchandise like bags, apparel and jewellery are asking their Indian suppliers to ship cheaper products, as the purchasing power of inflation-battered consumers in those markets has declined. Your legal guide on estate planning, inheritance, will and more.

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Mirae Asset Hybrid Equity Fund Direct-Growth. Market Watch. Mutual Funds. ET NOW. Tax How to file ITR. Tax Saving. ITR Forms. Income Tax Refund. Tax Exemption Limit. Income Tax Slabs. Insure Life Insurance. Health Insurance. Motor Insurance. Other Risk Covers. Real Estate RERA and You. Personal Finance News. Preeti Motiani. Rate Story. Font Size Abc Small.

Abc Medium. Abc Large. ET Online. If you are likely to miss even the extended deadline for filing income tax returns this year then you must be worried as to what can be done about it now. Worry not. Here's the step by step guide on how you can file belated Income Tax Return ITR. The steps to file belated ITR are same as how ITR is filed before the deadline - which for FY is August 5, Thursday, 15 Sep, Read Complete Print Edition ».

Front Page Pure Politics Companies ET Markets More. US, European Buyers Look for Cheaper Goods US and European importers of merchandise like bags, apparel and jewellery are asking their Indian suppliers to ship cheaper products, as the purchasing power of inflation-battered consumers in those markets has declined. Read More News on ITR Filing last date ITR Filing Income Tax Return filing after due date Belated ITR Filing Verification of ITR Steps to file ITR after due date Last date to file belated ITR.

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ITR: Have you missed tax filing due date? Here’s what to do,Penalty for Late Filing ITR

 · The hubbub around the filing of an Income Tax Return, after the due date, is lawful and quite understandably obvious. Usually, Income Tax Returns in India need to be filed  · Any individual who files ITR after the due date will have to pay a late fee of Rs 5, if taxable income is above Rs 5,00, The penalty is Rs 1, for people with total 2 days ago · How to claim income tax refund. As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 (unless the deadline is extended)  · Earlier, as per the amendment to the Finance Act, ITR could be filed one year after the end of any assessment year. After the amendment to the Finance Act, it was However, there are those who will submit their returns after the due date, which means that they will have to pay fine-cum-late fee for filing belated ITRs (₹ 5, for taxable income of more  · Checkout this Video to know about Income Tax Return Filing After Due Date AY Belated | How to File ITR After Due Date Belatedhow to file income tax r ... read more

Mistakes in filing income tax returns that may get you a tax notice 23 Aug, , AM IST Even a small mistake can land you in trouble with the tax department. ITR filing: Submitting after due date? In case returns are filed after December 31, , the penalty levied will be raised to Rs. An ITR filed after the due date is called a belated return. Get Quotes. Until assessment year AY there was no penalty for filing belated income tax returns.

Read this news in brief form. In Budgetthe government announced that a new portal of updated returns would be launched for ITR filing. Digital economy Chinese video-game companies hope to rack up high scores overseas 6 mins read. Read Complete Print Edition ». ITR filing: Submitting after due date?

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