What happens if you don't file Income Tax Returns on time? Penalties on late filing of ITR | INDmoney Classroom #12

What happens if you don't file Income Tax Returns on time?
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  • What is the meaning of ITR?
  • Why is important to file ITR?
  • Importance of filing ITR
  • Important points to remember
  • Penalties and Interests on late filing ITR
  • Sec 234 A Late filing of ITR
  • Advance Tax late filing

Having understood the importance of filing Income Tax Returns. Head over here, to know how to file income tax returns on the income earned from US Stocks and ETFs, all under 30-mins!

  • When is the last date to file ITR?

  • Can I file ITR after the due date?

  • What is the penalty for late filing of ITR?

  • What is advance tax and who shall have to pay?

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