Late Filing Penalty for IT returns
Posted: Thu Jun 14, 2018 8:04 pm
From what I understand, there is a late filing penalty for IT returns now even if there is no tax due. 1000 if income < 5 L, 10K if income > 5L.
Does this penalty also hold for NRIs ?
I typically file online when I visit India to get TDS refunds, but I wouldn't be in India for a few months more at least. Filing from the US is a little complicated logistically for me, especially if mobile verification is needed.
Does this penalty also hold for NRIs ?
I typically file online when I visit India to get TDS refunds, but I wouldn't be in India for a few months more at least. Filing from the US is a little complicated logistically for me, especially if mobile verification is needed.