ITR late filing: 1% monthly interest, late fee apply
ITR due date for most individual taxpayers is July 31, 2026.
Late filing by December 31, 2026 incurs a fee under Section 234F: ₹5,000 if income exceeds ₹5 lakh, ₹1,000 if income up to ₹5 lakh.
Unpaid tax dues attract 1% monthly simple interest under Section 234A from due date until filing.
Interest under Section 234A applies only when there is outstanding tax liability, not automatically for late filing.
Other consequences may apply based on individual case scenarios.
Story angle
Center
Near the middle: closer to straight reporting, less party-line spin.
About how the story is framed, not whether the facts are true.
Mint
Center
Mixed factuality
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HT Media
Shobhana Bhartia (KK Birla family)
Business daily owned by HT Media; majority-controlled by the KK Birla family, chaired by Shobhana Bhartia.
Wikipedia: Shobhana Bhartia