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Income Tax Rules: Know why even after filling income tax, you may have to pay additional ₹ 50,000 tax

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So now let us tell you for your information, if now you also fail to fill ITR or fill late, then you will also have to pay a penalty of 50000 along with fine, yes friends, not only this, now if you file ITR If I fail, you yourself will be liable for fine along with normal punishment.


And if we talk about the last month, then it was the last day to file income tax. And by the time it was the last day of this, more than 5 crore people had filed tax returns. And ITR verification should be done after 30 days from 1st August

For your information, let us tell you that verification should be done than filling ITR. Because the refund will not be issued as compared to the ITR verified, the amount of tax is transferred to the tax department by the taxpayer after it is verified.

Friends, let us tell you that if the ITR is not filed by the deadline, then the tax return is considered as Assam Pan. You have to inform by tax department next time if you tell them why you didn’t file tax and I application is accepted then tax return is accepted and if ITR is not verified then you have to enroll for verification again And with the same read you have to pay ₹ 5000 as late fee.

So friends, fill your tax within the time limit through Kalva and tell whatever your step is in case it is not verified. And use the OTP of the number from which you come after verification and can use the e-verification process and fill your tax and you have to login to the e-verification site

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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