Extended date for filing ITR, but no relief on interest

In view of the problem in its new portal, the Income Tax Department Definitely return 31st December However, no relief has been given in the interest charged on late return. The Income Tax Department has given an explanation in this regard.

The income tax department has said it will continue to collect interest on income tax returns filed after the July 31 deadline. In this context, the Income Tax Department officials say that the tax is to be paid through net banking and for this the taxpayer does not need to use the e-filing portal, which is causing the problem. Therefore, taxpayers filing returns after July 31 will have to pay interest at the rate of 1 per cent per month on outstanding tax.

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