Income Tax Return Filing: What is ITR & How to File ITR Online?
- Blog|Income Tax|
- 638 Views
- 2 Min Read
- By Taxmann
- Last Updated on 5 January, 2021
What is ITR Filing?
For more details, you may read our detailed article on Filing of Return of Income
How to File ITR Online?
One Solution offers multiple tax compliance solutions TDS Returns & Audit Reports.
How to File ITR after Due Date?
For the F.Y. 2016-17, the extended deadline for filing of returns was 5th August, 2017. However, the due date for filing of belated returns was 31st March, 2018. The steps to file ITR after the due date are similar to how it’s done before. The only difference is that, now, the ITR has to be filed under section 139(4) instead of section 139(1). Before proceeding for filing of ITR after due date, please make sure that you prepare the return in the correct form as prescribed by the Department for various heads of income. Also, if there is any amount of tax due post deduction of TDS and advance tax, there would be penal interest of 1% per month payable by such taxpayer.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Comments are closed.