Income Tax Returns: File Before December 31 to Avoid Penalty and Legal Action
If you haven’t filed your Income Tax Return (ITR) yet, the clock is ticking. The last chance to file your delayed return for the financial year 2023-24 (assessment year 2024-25) is December 31, 2024. Taxpayers who miss this extended deadline will face hefty fines and legal consequences. Key Deadlines and Late Fees What Happens If…