Income Tax Penalty for Late Filing & Non-Compliance in 2025 Manthan Experts July 14, 2025 Income Tax Consultancy, ITR e-Filing, Knowledge Center Introduction Penalties under the Income Tax Act, 1961,(IT Act) are levied for various defaults made. Tax evasion and non-compliance can have serious consequences. The Income Tax Act, 1961, levies a range… Continue reading Income Tax Penalty for Late Filing & Non-Compliance in 2025