Consequences of Failing to File an Income Tax Return
The deadline to file an income tax return (ITR) for the fiscal year 2020-21 is approaching quickly. As of December 28, 2020, the income tax department announced that over 4.37 crore income tax returns for the assessment year 2020-21 had been filed, up from 4.23 crore the day before. Due to pandemic-related delays, the deadline for [...]