TODAY is the last day! File your Income Tax Return & avoid Penalty

31st March last dateWhatever may be your reason to delay filing your Income Tax Return for Financial Year 2013-14 or Assessment Year 2014-15 – Today is the last day for you to file your return and avoid a Penalty. Are you required to file an Income Tax Return?

Consider these –

  • If you fail to file your Return for FY 2013-14 by 31st March 2015 the Assessing Officer (AO) can levy a penalty of Rs 5,000 under section 271F.
  • The only way to get a Refund is by filing your Income Tax Return.
  • You may need your ITR while applying for a loan.
  • Some countries ask for ITR submission proofs when you apply for a visa.

File your Income Tax Return if you haven’t done so already, reach out to us if you have any questions.



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