Why you should not delay filing the Income Tax return?

Delay Filing the Income Tax Return

The return of tax ought to never be delayed due to many rights and privileges that you just lose once the return is delayed. just in case you're not prepared, could file the return and revise it shortly later

Income Tax return forms the bottom for any and each Indian subject and is obligatory. As per Section 139(1) of income tax Act 1956, it's compulsory for

1. Company and firm to file return of financial gain or loss,
2. Any person apart from a corporation or a firm, having total financial gain that exceeds the fundamental 
3. Is a beneficiary of any plus set outside India.