The late filing fee is only one consequence of missing the ITR deadline. Delayed filing can also result in the loss of capital loss set-off benefits, delayed refunds and additional interest, increasing your tax burden in future years.
The late filing fee is only one consequence of missing the ITR deadline. Delayed filing can also result in the loss of capital loss set-off benefits, delayed refunds and additional interest, increasing your tax burden in future years. by Soban News (international And National News)