TDS Return filing & payment Last dates and Late fee #caguruji #tax #tds #finance #reels #incometax #cagurujishorts #reels #trending | CA Guru Ji
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If you don’t file your income tax return by July 31, 2024, get ready to suffer these 4 major losses: 1. Late filing fees You’ll have to pay a Rs 5,000 penalty if you miss the deadline. 2. 1% interest on outstanding tax liability If your total tax liability is more than the TDS already deducted, you’ll have to pay 1% simple interest every month until your taxes are fully paid. 3. The new tax regime will become default If that happens, you won’t be able to claim deductions under Sec 80C, 80D, Hous
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