ITR filing 2023-24: What happens if I file IT return after deadline?

Income Tax Return Filing FY 2023-24: The important thing to note is that late or belated filing of ITR means a penalty applies even if the belated ITR shows zero tax payable. Additionally, penal interest on the pending tax payable must be paid when filing a belated ITR.

from Times of India https://ift.tt/NMqClWh