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.
Answered for the Question: "What are the consequences of missing the September 16, 2025 ITR deadline?"