How Timely ITR Filing Can Prevent Penalties and Legal Issues

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 Filing your ITR filing on time is essential to avoid penalties and interest charges under Section 234F. If you fail to file your return within the specified due date, you risk incurring fines that can add up to ₹5,000, depending on the delay. In addition, ITR filing is a legal obligation, and not adhering to it can result in legal actions, including tax audits and investigations. By ensuring timely ITR filing, you maintain financial discipline and avoid unnecessary complications.

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