Filing ITR in a timely manner is crucial for the taxpayers in India. Failure to file ITR on time can attract penalties and interest charges, which can be heavy on the pocket. In addition to this, in some cases, filing the ITR in a late manner may lead to the suspension or termination of your employment by your employer.

💠Let’s Explore the Impact of Missing ITR Filing Deadline

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What happens if you miss the ITR filing deadline?

Filing ITR in a timely manner is crucial for the taxpayers in India. Failure to file ITR on time can attract penalties and interest charges, which can be heavy on the pocket.