Delays, errors, or non-compliance in ITR filing for AY 2026-27 can lead to financial penalties, including fees and interest, as outlined by income tax authorities.
Under-reporting or misreporting income carries a penalty ranging from 50% to 200% of the tax payable
Jul 24, 2026
02:41 pm
What's the storyIncome tax authorities have highlighted different consequences for various defaults or irregularities in tax filing.
Mistakes such as delays, omissions, incorrect disclosures, or non-compliance can lead to additional financial liabilities like fees, interest, or penalties.
A look at most common income tax penalties as ITR filing deadline approaches
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