Online CA Services - Taxgoal

A taxpayer is required to furnish a return of his income annually to the Income-tax department. As an obligatory measure for the taxpayer, it has been sufficient to keep away honest taxpayers from the hefty penalties of the department. Usually, every year Income tax return filing is followed on or before 31 st July. If any taxpayer fails to match this compliance on the specified due date, then he/she has to file a belated return of his income after the notified due date with the required late fees or penalties. The Income tax department notifies for the tax filing period on the official web portal of the Income tax department located at Incometax.gov.in  Before the due date, an ITR can be filed without penalty or late fees.  The due dates for ITR filing vary according to the type of taxpayer, whether being an individual taxpayer, HUF, Corporate entity, Non-Profit entity, etc, and also on the basis of the applicability of provisions of an Income tax audit. For Instance, as...