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Logins: Can I file my income tax return late, i.e after 31-08-15?
That's good to know. Will I face any other consequences for filing late?
Yes, if the return is not filed within the due date, you may lose out on certain benefits such as carry-forward of losses, timely refunds, and interest on refunds. Additionally, the delay can also attract a penalty of up to Rs. 5000 in some cases.