Missed Filing ITR? Know How To Do It By December 31.
The income tax (I-T) department has achieved a milestone with over 6.50 crore income-tax returns (ITR) filed as of July 31. However, many individuals missed the deadline to file their returns. If you missed filing ITR on the previous deadline, i.e. 31st July, don't worry; you can still file your ITR after the due date. But be prepared to pay penalties and interest on the due taxes. There are a few limitations associated with filing a belated return.
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