Got fined by the Income Tax Department? | CA Rachana Ranade | #shorts #backtobasics
Here are 3 reasons why you shouldn’t delay filing your ITR
1. You will be charged a late fee and interest @1% pm if you fail to file the ITR by the given due date.
2. Your losses under the head capital gain and business and profession will not be allowed to be carried forward
3. In case you are eligible for a refund, the interest on this refund under Section 244A will be lost.
Go file your taxes now!
Here are 3 reasons why you shouldn’t delay filing your ITR
1. You will be charged a late fee and interest @1% pm if you fail to file the ITR by the given due date.
2. Your losses under the head capital gain and business and profession will not be allowed to be carried forward
3. In case you are eligible for a refund, the interest on this refund under Section 244A will be lost.
Go file your taxes now!
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