Income Tax Return – Only 10 days left to file ITR

Income Tax

The last date for filing income tax return (ITR) was July 31st, 2019, later Income Tax Department extended one month for filing ITR i.e. upto August 31, 2019. As the last date for filing the income tax return (ITR) nears and only 10 more days left.

The Income Tax Department, which has set August 31 as the due date for assessees to file their income tax returns for assessment year 2019-20 (financial year 2018-19) without any penalty charges.

In order to avoid the last-minute rush, the Income Tax Department always encouraging the taxpayer not to wait until the last date to complete the process.

Income tax can be submitted through the online, also after submitting an income tax return, the taxpayer is also required to verify it for completing the filing process. It is only then that the tax liability or refund of taxpayer is determined.

Also Read : Government Employees Orders & News

Penalty after August 31, 2019

One can even file the income tax return after the due date (August 31. 2019). However, a delayed or belated income tax return attracts a penalty of up to Rs. 10,000, according to the Income Tax Department.

For an income tax return filed after August 31 but before December 31, a fee of Rs. 5,000 is applicable. In other cases, where the return is filed after December 31, a late fee of Rs. 10,000 is charged by the Income Tax Department.

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