Last date for filing ITR for FY 2018-19 and late fee

In general, the last date for filing income tax return is 31st July 2019 for the assessment year 2019-20. One need to report income pertaining to the financial year 2018-19 by this date. If one fails to file the income tax return by this date, there would be late fee consequences ranging from Rs 1,000 to Rs 10,000 as explained under.