31st July was the Last Date to File Your Income Tax Return. This date was not extended. Here are some solutions to still File a Return of Income.
File a return after paying a late filing fee:
You can still file a return of income even after 31. July but you will have to file it after paying a late filing fee.
| Total Income (in Rs.) | Penalty Fee (Rs.) |
|---|---|
| Gross Total income is Upto Rs. 2.5 Lacs | No Penalty |
| Gross Total Income is Upto Rs. 5 Lacs | Rs.1000 |
| Gross Total Income is Rs. 5 Lacs or More | Rs.5000 |
Last Date For Belated Return? — 31" December, 2022
What benefits are lost because you are filing late?
- Loss from the head Capital Gains (Sale of Shares/Property/Gold etc.)
- Loss from Business/Profession including Intra Day Trading/Futures & Options
If you have Any thoughts or doubts? Please Comment, we will provide our solutions.