Today is the last date to file your Income Tax Returns

Today is the last date to file your Income Tax Returns

Consequences of not filing your Income Tax Return before Due Date u/s 139(1):

- Cannot file ITR under Old Regime

- Late Fee of ₹1,000 if Total Income is upto ₹5,00,000

- Late Fee of ₹5,000 if Total Income is above ₹5,00,000

- Losses, if any, cannot be carried forward if filed after due date u/s 139(1)