Late Fee for ITR - As per 234F of Income Tax Act the penalty for late filing of the income tax return from a penalty up to Rs 5,000 to prosecution and serious consequences
Know about various types of penalties under income tax act for different acts of mistakes or errors done by the tax-payer and learn how to avoid those income tax penalties.
If any taxpayer will file his or her tax return late, he or she will be charged a penalty in the form of interest under section 234A.
If in any case the taxpayer delays the payment of advance tax, the income tax department impose penal interest in the form of penalty under Section 234C.
If the taxpayer delays the payment of advance tax charged on him or her, he or she will have to pay interest under section 234B.
Streamline your online income tax return filing for FY 2023-24 (AY2024-25) with Tax2Win. Easily upload your Form-16 and conveniently file your ITR online.
Streamline your online income tax return filing for FY 2023-24 (AY2024-25) with Tax2Win. Easily upload your Form-16 and conveniently file your ITR online.
Learn about the penalties associated with filing your income tax return late, so you can avoid costly mistakes and penalties.
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