Do not take unusual excuses which the British Governments Tax Collector would receive generally from the Customers who fails to file their return in time such as “My tax return was on my yacht … which caught fire” “A wasp in my car caused me to have an accident and my tax return, which was inside, was destroyed,” was another, . “My wife helps me with my tax return, but she had headache for 10 days” while several blamed children, partners or colleagues for inadvertently destroying their forms.
Taxpayers who do not file their Income Tax Returns (ITRs) on time will have to shell out a penalty of up to Rs 10,000, but from the 2018-19 Assessment Year (AY) i.e FY 2017-18.
Start the habit of filing the return much before the due date from this financial year 2016-17 on wards.
Just log on to EZtax.in, for simple and convenient way of filing the Tax returns.
Categories: Income Tax