2024 Tax Deadline Consequences In India. Stay informed about the important dates and avoid. Taxpayers who were able to meet the deadline of july 31, 2022 for filing itr have 120 days after the filing of their return to verify it.
There are severe repercussions for missing the deadline, such as losing advantages under the old tax regime or having to pay a ₹ 5,000 late filing fee. Union finance minister nirmala sitharaman introduced some changes in terms of income tax in the union budget 2024.
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