Penalties for Late ITR Filing and Tax Extensions Financial Consequences - PowerPoint PPT Presentation
Title:
Penalties for Late ITR Filing and Tax Extensions Financial Consequences
Description:
The deadline for individuals to file their income tax returns for the financial year ending March 31st, 2024, is July 31st, 2024. This process can be quite time-consuming and intricate, particularly when it comes to comprehending the required schedules and disclosures. The task of gathering all necessary data and tracking expenses from the previous year can present significant challenges, increasing the risk of missing the deadline. Consequently, many individuals opt to request additional time to file their tax returns to avoid potential actions from tax authorities. This PDF provides comprehensive information regarding penalties for late filing of ITRs, tax extensions, and the resulting financial implications. – PowerPoint PPT presentation
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Title: Penalties for Late ITR Filing and Tax Extensions Financial Consequences
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