Section 139 of Income Tax

Section 139 of Income Tax Section 139 of the Income-tax Act, 1961 deals with late filing of income tax returns. If any individual defaults in filing income tax return within the specified deadline, Section 139 will be applicable. In this…

Penalty for Late Filing Income Tax Returns

Penalty for Late Filing Income Tax Returns The due date for filing income tax return for individuals is 31st July of every year. For companies and LLPs that require a tax audit, the due date for filing an income tax…