<p>Taxpayers must file their returns immediately without delay. Late filing will result in penalties and interest.</p><img><p>The Indian Income Tax Department extended the ITR filing deadline from July 31 to September 15. However, the tax audit deadline is still September 30.</p><img><p>Taxpayers must file returns promptly. Data shows 30 million haven’t filed. File within 12 days to avoid penalties and problems.</p><img><p>Missing the ITR deadline incurs penalties. Under Section 234F, it’s Rs 5,000 if income is Rs 5 lakh or more, and Rs 1,000 if less.</p><img><p>Late filing also means interest. Under Section 234A, it’s 1% monthly, starting the day after the deadline. Avoid unnecessary interest expenses.</p><img><p>Late filing can lead to loss of tax benefits and exemptions (Section 139(1)). Not filing despite eligible income can incur a 50% penalty (Section 270A). File your ITR now.</p>
