file income tax return by July 31st: says IT department

July 17, 2019 |
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Investments
file income tax return by July 31st: says IT department

The Income Tax Department with a reminder to file an income tax return by July 31st. The deadline for filing an income tax return is likely to be extended.  There is no barrier to filing a tax return after the specified time period.

There is an opportunity to return till 31st March 2020, marked as 'late submission'. But until then, you have to pay interest on the tax and a penalty for delaying filing the return. If you return before December 31, the fine is Rs 5,000. 

 

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