Belated Return Last Date: What is a belated return, in which ITR can be filed even after the last date has passed?
This also attracts a penalty and interest. The question now arises: when can a belated ITR be filed, what is the penalty, and what is the entire process? This information is important for every taxpayer, especially those who missed the deadline.
When can I file an ITR?
The last date for filing an ITR (for non-audit cases) was September 15, 2025. On September 15, this was extended by one day to September 16, 2025. If you missed this deadline, you can file a belated return until December 31, 2025.
Interest will be charged along with the penalty.
After missing the deadline and filing an ITR late, you will have to pay interest along with the late fee (under Section 234F). If your total taxable income is less than Rs 5 lakh, a penalty of Rs 1,000 will be charged.
If your taxable income exceeds ₹5 lakh, you will be charged a penalty of ₹5,000. Furthermore, any tax due will be subject to interest (under Section 234A) at the rate of 1% per month or part thereof for the period of delay.
What other potential losses can occur?
Filing late may result in the loss of certain tax benefits, such as certain losses that can be set off in the next year. The ability to choose the old tax regime (old vs. new) may also be limited beyond the deadline. Refunds may be delayed. Government processes may be slow.
What is the process for filing ITR online?
1. Log in to the income tax portal incometax.gov.in (PAN and Aadhaar must be linked).
2. Select the File Belated Return option, which will be under Section 139(4).
3. Select the correct ITR form (ITR-1, ITR-2, etc.) based on your source of income.
4. Gather the necessary documents – Form 16, 26AS, income proof, bank statements, etc.
5. Pay any tax due. Then file your ITR and e-verify it.
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