Chart of Additional Tax in the case of ITR-U
ITR-U filed within | Additional Tax |
12 months from the end of the relevant AY | additional tax equal to 25% of Tax |
24 months from the end of the relevant AY | additional tax equal to 50% of Tax |
36 months from the end of the relevant AY | additional tax equal to 60% of Tax |
48 months from the end of the relevant AY | additional tax equal to 70% of Tax |
Besides additional tax there shall be late fee and interest for late payment of tax under section 234A,234B & 234C.
Post Views:
111