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 of ITR Taxpayers are required to file their Income Tax Return (ITR) for the income earned up to the 31st of July of the Assessment Year (AY) relevant to the previous Financial Year (FY) unless this…