• Home
  • Income Tax
    • Income Tax
    • Latest Update
      • Circular
      • IT Judgement
      • Notification
      • Press Release
    • Article
      • salary
      • House propery
      • Business/Profession
      • Capital Gain
      • Other Source Of Income
      • Assessment
      • Tax Planning
  • GST
    • GST Act 2016
      • CGST Acts
    • GST Rules 2016
      • CGST Rules
      • SGST Rules
      • IGST Rules
    • GST Articles
      • Time Of Supply
      • Place Of Supply
      • Other GST Article
    • GST Judgement
  • News & Articles
    • Company Law
    • Other News
      • News
      • DTAA
      • Head Of Income
      • Interesting Income Tax
      • Miscellaneous
  • CA/CS/CMA Firms
  • New Home
  • Login

Not Filed Your Income Tax Returns ? Why You should file it before 31st December !!

26th December 2019




Loading

Not Filed Your Income Tax Returns ? Why You should file it before 31st December !!

File your IT returns for A.Y. 19-20 before 31st Dec belated if you missed due date and your income is above 5 Lakh.
The late filing fees is as under :
IT return for A.Y. 19-20:
(1) If filed after due date but before 31st Dec, then:
(a) Income below 5lakh late fees of rs. 1,000/-
(b) Income above 5lakhs late fees of Rs. 5,000/-
(2) If filed between 1st Jan 2020 to 31st March 2020 then:
(a) Income below 5lakh late fees of rs. 1,000/-
(b) Income above 5lakhs late fees of Rs. 10,000/-.
The Late fees is same at Rs. 1000 if the income is not exceeding Rs. 5 Lakh.

 




26th December 2019

This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

  • Excel Sheet Entry Alone Cannot Justify Addition under Section 69A: Delhi ITAT
  • Agricultural Income from Nursery: Delhi ITAT Reaffirms Exemption and the Principle of Consistency
  • Request for Extension of Due Dates for Filing Annual E- Forms under the Companies Act, 2013 till 31.12.2026 without Levy of Additional Fees
  • Faceless Reassessment Gets a Major Boost: Andhra Pradesh High Court Strikes Down Section 147A of the Income Tax Act, 1961 as Unconstitutional
  • Section 147A Declared Unconstitutional! Andhra Pradesh High Court Delivers a Landmark Verdict in the FAO–JAO Controversy

Sign Up to New letter

Subscribe to our newsletter and get the latest updates