This means taxpayers who missed yesterday’s deadline will now face penalties and other consequences under the Income Tax Act.

Income Tax Refund Delays: The income tax return filing deadline came to an end on July 31, with over 7 crore taxpayers filing their returns within the set time-frame. As per the Income Tax ...

Each taxpayer is supposed to file their income tax return within the time prescribed under section 139(1)/139(4) of the Income Tax Act. However, it may be possible due to any genuine hardship or ...