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Tag: Penalties

Belated ITR filing: How to file belated returns, what are the penalties and late fees; know every detail

Belated ITR filing: How to file belated returns, what are the penalties and late fees; know every detail – Advertisement – Belated ITR filing: If you missed the deadline for filing your income tax return (ITR), you’ll now need to file a “belated return.” This must be done before December 31st to avoid additional penalties […]

RBI Mandates 15-Day Settlement for Deceased Customers’ Claims — Banks Face Penalties for Delays

– Advertisement – The Reserve Bank of India (RBI) has taken a special initiative to settle claims related to bank accounts and lockers of deceased customers within 15 days. The central bank plans to standardize the forms to settle such cases within the stipulated time frame and compensate the nominees for any delay. RBI has […]

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