ITR filing penalty: These taxpayers don't have to pay late fee for missing deadline

If an individual missed the deadline to file an income tax return (ITR), then a late filing fee of up to Rs 5,000 is levied. However, there are certain individuals who can file their ITR without paying a penalty even after the expiry of the deadline. Let us take a look at who will not have to face penal consequences for missing the ITR filing deadline.

from Tax-Wealth-Economic Times https://ift.tt/hiN92sD