If you miss the deadline and file your income tax returns after the due date, you will have to pay a late fee. Non-furnishing or late furnishing of return of income attracts interest under section 234A
ITR filing 2023: Three days are left to file the income tax return (ITR) for the financial year of 2022-23. Taxpayers may face various problems in getting things right. To ease and speed up the whole process, taxpayers can take help of co-browsing feature. Watch Business Today’s Visual Story to know more details on the Co-browsing feature.
While filing Income Tax Return (ITR), individuals must accurately report their income under these five specified heads as per Section 14 of the Income Tax Act and calculate their total income accordingly