USA CITIZENSHIP TEST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When is the last day you can file an income tax return?
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January 31
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February 1
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March 17
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April 15
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Explanation:
Detailed explanation-1: -Interest: If you file your return after the due date, you will have to pay interest under Section 234A 1% per month or part month on the unpaid tax amount. Late fee: A late fee of Rs.5, 000 under Section 234F will need to be paid. It shall be reduced to Rs.1, 000 if the total income is less than Rs.5 lakh.
Detailed explanation-2: -If you have missed the deadline of filing income tax return (ITR) for FY 2021-22 i.e., July 31, 2022, then an individual has an option to file the belated ITR. However, an individual is required to pay a late filing fee if he/she is filing belated ITR. The last date of filing belated ITR is December 31, 2022.
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