ITR Filing
This query is : Resolved
28 September 2020
SIR
In Case if we delay the filing of ITR for 19-20 before the 30th Nov 2020, what will be the consequences which we have to face?
Guide me sir
thanks in adv
In Case if we delay the filing of ITR for 19-20 before the 30th Nov 2020, what will be the consequences which we have to face?
Guide me sir
thanks in adv
28 September 2020
Likely the date will be extended. If not late filing fee payable.
29 September 2020
If you hadn't paid any advance tax or short paid then interest u/s 234B and 234C are leviable and you have to pay the same with continuing delay in filing return, even if you file within due date, with change in month these interests changes and you have to pay such interest. If you file after due date then in addition to these you have to pay interest u/s 234A and late fees u/s 234F and you might even loose some benefits in income tax.
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