ITR Deadline Is Here,

What Happens If You Miss It?

ITR Deadline Is July 31, 2024,

And Missing Out On It Can Have Consequences

If You Miss This Deadline,

You Can File Belated Returns By Dec 31, 2024

However, You Will Be

Automatically Shifted To New Tax Regime

You Will Be Liable To Pay An Interest Charge

As Stipulated Under Section 234A

You Will Also Have To Pay A

Late Fee Of Rs 5,000 Under Section 234F

This Late Fee Will Be Slashed To Rs 1,000

For Individuals With Income Below Rs 5 Lakh

You Will Also Miss Out

Benefits Of Loss Adjustment If You Miss Deadline