Taxpayers need to pay interest despite extension of filing dates


What are details of notification on taxpayers still needing to pay interest despite extension of ITR filing dates?


The government may have extended the due date for filing Income Tax returns on account of the difficulties being reported by the taxpayers in the electronic filing of returns owing to the glitches in the Tax Portal, but taxpayers may still be required to pay additional interest at the rate of 1 per cent per month despite filing the return in the extended period in case the balance tax payable exceeds Rs 1 lakh. more details here.

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