Belated return explained with practical examples
Belated return explained with practical examples
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You can file a belated return Any person who has not furnished a return within the time allowed to him under section 139(1) must furnish the return for any previous year at any time 1. Before three months prior to the end of relevant assessment year or 2. Before the completion of assessment whichever is earlier If the total income of the person does not exceed 5 L lakhs, the fees (penalty) payable shall not exceed 1,000. Here is why you must and you should file ITR anyways! Loan: almost all the
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