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Not verifying your income tax returns might have serious consequences

Refunds get blocked, losses aren't carried forward, and you could face a penalty

Topics
income tax returns | I-T returns | I-T return filing

Bindisha Sarang  |  Mumbai 



tax, taxes, I-T, retunrs, filing
The Central Board of Direct Taxes (CBDT) had, via a circular dated July 13, allowed a one-time relaxation for verification of returns for specified years

September 30 was the last date for verifying your pending income- returns (ITR) for the past several assessment years. If you have failed do so despite an extension, you could face the heat from the I-T department.

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First Published: Fri, October 09 2020. 00:45 IST

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