Can a return be file after the due date ?
Yes, if one could not file the return of income on or before the prescribed due date, then he can file a belated return. A belated return can be filed at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. A belated return attracts interest and penalty .
Tax returns filing - Recently Asked Questions
Our family owns some properties in Goa and the annual income is around INR 5 lakh per annum. Our family members are spread over Canada, Tanzania, the UK and Australia. How much tax are we supposed to pay? Are there any tax deductions we can claim?
I am a non-resident Indian (NRI) for tax purposes and I own one property each in Singapore and Coimbatore. I file ITR-1 return annually. Since I own only one property in India, can I continue to file ITR-1?