Here's All You Need To Know About Filing A Belated Income Tax Return (ITR)

August 31 was the last date to file the income tax return for the financial year 2018-19 (assessment year 2019-20). In case taxpayers missed this deadline, they can still file their income tax returns (ITRs). However, filing a belated income tax return (ITR) attracts a penalty of up to Rs 10,000. Besides this, a delay in filing ITR also makes one liable to pay interest, according to Income Tax (I-T) department's website- incometaxind...