TDS deducted but didn't file ITR? Check consequences
Synopsis Failing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late
Synopsis Failing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late filing fee for delayed submissions.
Not filing an ITR prevents claiming refunds and carrying forward losses. Virtual digital asset income is taxed regardless of the exemption limit. The tax department
may issue notices for non-compliance and missed filings.
The BriefWire