Budget 2026 Tightens The Screws On Tax Delays: Here’s How Late Filing Can Incur Fines Of Up To Rs 1.5 Lakh

SUMMARY

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  • Budget 2026: Higher fees for late tax audits.
  • Late income tax returns face graded fees: Rs 1k/Rs 5k.
  • Daily Rs 200 fee for delayed statements, capped.
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