https://www.taxtmi.com/manuals?id=1326 Late filing of an income tax return disqualifies carry forward of specified losses, bars certain Chapter VI-A deductions, and attracts penal interest for the period of delay. It may also invite a statutory penalty or fee for default under revised filing provisions and causes interest on refunds to run from the date of filing; willful non-filing can lead to prosecution. en-us Fri, 11 Dec 2015 13:02:00 +0530 Fri, 23 Aug 2024 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1326 Late filing of an income tax return disqualifies carry forward of specified losses, bars certain Chapter VI-A deductions, and attracts penal interest for the period of delay. It may also invite a statutory penalty or fee for default under revised filing provisions and causes interest on refunds to run from the date of filing; willful non-filing can lead to prosecution. Manuals Income Tax Fri, 11 Dec 2015 13:02:00 +0530 https://www.taxtmi.com/manuals?id=1326