ITR-XML is a file format type. When a person mentions his income-related details in the XML file, it will enter the details in the online ITR-1 form automatically.
The taxpayer needs to always be ready with the document which is the basis of his return filing. The legal authority anytime can ask it for. Other than that, no such special document needs to be attached to ITR-1.
The person has to pay the late fees based on the date of filing his belated returns. Rs. 5000 will be charged if the person filed the return after the due date but till December. Filing returns after the 31 st of December will charge a penalty of Rs. 10,000.
Small businesses with an income up of to Rs. 5 lacs have to pay Rs. 1000 as a penalty.
Yes, some provisions permit filing ITR after the due date with a late fee and low benefits. The person can file the ITR before the end of the assessment year of a financial year.
Yes, if a salaried person is eligible for filing an ITR under the norms of the income tax act.
The income tax department invites taxpayers to file their income tax online through the online portal of the department. Our consultant will support you in filing your ITR on time.
Yes, absolutely. You are eligible to file the ITR with a house loan.