Income Tax
Update:
Those with total income
(before deductions) in excess of Rs 2,50,000 have to mandatory file their
returns, whether or not they have tax due.
Those seeking a refund or
those who hold foreign assets or have earned a foreign income or have bank
accounts or financial interest outside of India must also file their tax
returns.
What if you missed the due
date of filing of return i.e. 07/09/2015?
You can still file the
belated return before 31/03/2016.
In that case -
1 Some losses cannot be
carried forward.
2 If you are liable for tax
payment, it will attract interest
3 You will not able to file
revised return
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