FinanceMoneycontrol
Misreporting income won't extend ITR deadline
in5points
August 31 deadline applies only to taxpayers with genuine business or professional income.
Reporting Rs 1 as business income to qualify for extended deadline is not permissible.
Choosing wrong ITR form to gain more time can lead to penalties or scrutiny.
Intraday trading income must be reported correctly under business income rules.
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