Income Tax returns

Time to file income tax returns for individuals and HUF on or before 31st July 2019 to avoide last minute rush and avoide late fees.

Late fee/penalty payable if return filled after 31st July 2019 – Rs 1000/- for assessee having income less than Rs 5 Lakhs. Other persons Rs 5000/- penalty. This late fees is for the returns filled upto 31st December 2019 and if returns filled after 31st December 2019, the late fees/Penalty Rs 10000/-.