Why it is important to file ITR on time?
Why it is important to file ITR on time? The income tax department has made the process of filing of Income-tax return extremely convenient for taxpayers by introducing the online facility. This e-filing facility is speedy and accurate and provides convenience not just for local residents in India but non-resident Indians (NRIs) as well. Tax consultant Dubai and authorized intermediaries offer services for electronically filing I-T returns on behalf of taxpayers, under the Electronic Furnishing of Return of Income Scheme, 2007. A registered e-return intermediary, Alankit Limited has over 13 years of industry presence in the UAE and offers professional ITR filing services. When should taxpayers file their returns? The last date of filing of income tax return (ITR) for a financial year, say, 1st Apr 2018 to 31st March 2019, is 31st July 2019, unless extended by the I-T department. Taxpayers can e-file their tax returns any time before the specified date. Avoid penalty If taxpayers do