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What is a belated ITR
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How to file belated ITR
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Penalty for filing belated ITR
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Disadvantages of filing belated ITR
Not allowed to carry forward losses
1) If an individual files an income tax return after the expiry of the deadline, then he/she will not be able to carry forward the losses under the following heads:
a) Income from other sources
b) Income from capital gains
c) Income from business and profession including speculation business
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Tax refund
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Penal interest
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Tax regime
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