Marita Odds (Skomorokh)

List of Contributed Questions (Sorted by Newest to Oldest)

List of Contributed Answer(s) (Sorted by Newest to Oldest)

Answer # 1 #

Consequences include: - ₹5,000 penalty if income above ₹5 lakh - No carry forward of losses - Extra interest charges on tax due - Delay in refund So it’s best not to wait till the last moment.