The last date to file your ITR for the FY 2017-18 was 31 August 2018. Not filing your ITR on time can lead to a penalty, but there are also other consequences and inconveniences attached to the delay like,
1.Penalty for Late Filing u/s 234F
2.Reduced Time for Revising Your Return
3.Payment of Interest
4.Carry Forward of Losses is Not Permitted
5.Delay in Receiving Refunds
If you have missed the due date to file your return, you can still file it before 31 March 2019 by paying a late fee if applicable. Please note that the time limit for filing a IT return late for FY 2017-18 expires on 31 March 2019.
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FinTax
Tax and Finance Consultant
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