Here's Everything You Need To Know About Filing Income Tax Return

Individuals can choose to file their Income Tax Returns online to avoid the hassles of physical paperwork.

The due date to file an Income Tax return (ITR) for the financial year 2021-22 is just around the corner.

Salaried and earning individuals whose accounts are not required to be audited must file their ITR latest by July 31.

Delay in filing the tax return can result in a penalty of up to Rs 10,000 along with other legal consequences, as per the I-T rules. 

The department, according to the provisions of Section 234A of the Income Tax Act 1961, may also charge interest on the taxable income apart from the other fines.