“Late Lateef” is a term very often used in the Indian sub-continent for those who are habitually late! When thinking of this post, I was curious if Google.com would oblige me with a story or two about how this term originated. Sure enough, as soon as I hit the “I am feeling lucky” button, I had various versions on hand; if you feel curious, do check out one version here!

But, we are not here to talk about folklore and its origins, although it is more interesting any day than penalties for late filing and/or failure to file. Today is April 29th 2014, tax deadline was two weeks back and if you are one of those like Late Lateef and did not file your tax return, then you need to read this post!! If late Lateef was due a refund, he would not be penalized for late filing BUT would only have three years from the due date of the Read More