ITR filing: 10 penalties taxpayers should not ignore – from late filing fee to under-reporting defaults
A late filing fee of Rs 5,000 is applicable if the income tax return is submitted after the due date specified under Section 139(1). (AI image) ITR filing FY 2025-26: When filing your income tax return, full, accurate and timely reporting of your income and tax dues is important. Failure to file income tax returns…