Consequences of late filing of Income Tax Return (ITR)

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....ubmission of return of income, the following consequences will be applicable. These rules are applicable even if a belated return is submitted within the time-limit given above- * No carry forward o....

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....on refund u/s 244A calculated from the date of filing of ROI and not from 1st April of AY. * Fee for default in furnishing ROI u/s 139, fails to do so within the time prescribed u/s 139(1) [w.e.f 01....