India, July 24 -- The last date to file the income tax return is fast approaching, and, barring a government extension, not filing by then can result in several penalties and complications with tax compliance.

Any delays past the July 31 deadline, omissions, errors, incorrect disclosures or non-compliance can result in additional financial liabilities, including fees, interest or penalties.

The income tax department has shared different consequences for various defaults or irregularities in tax filing. While some penalties carry fixed charges, others are linked to the amount of taxes involved.

Here are the five most common ones:

Note: The consequences discussed above are for instructional purposes only.

Early filing of tax returns he...