Penalty for Late filing of Income tax return (2021)

Table of Contents1 Consequences, Penalty for Late Filing of Income Tax Return2 Consequences of Late Filing of Income Tax Return2.1 No Carry Forward of Losses2.2 Loss of Interest on Refund2.3 Revision of Belated Return Not Possible2.4 What is Belated Return?2.5 Penalty for Late Filing of ITR Under section 234F2.6 Imposition of Interest under Section 234A2.7 … Continue reading Penalty for Late filing of Income tax return (2021)