If Income Tax Return is not filed in Time

Fee for belated filed Income Tax Return As per the amendments made in the Finance Act 2017, taxpayers are liable to pay a fee of Rs. 5,000/- if the tax return for the financial year 2017-18 is filed after the return filing deadline (i.e. August, 31, 2018) or (15th  September, 2018 – in case of resident of Kerala), but before December 31, 2018.  The fee payable will increase to Rs. 10,000/- if tRead More…