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ITR filing after 15 September: Today is the last date for filing income tax returns. As the deadline approached, many people got upset with the problems of the portal. There was also a demand to extend the deadline on social media. But an update came from the Income Tax Department that the deadline is 15 September only and there is little scope for extending it.
Now what to do if the deadline is missed. Let us know whether ITR can be filed after missing the last date for filing ITR. How much penalty will be levied and what is its method?
What is the option?
If you have not filed the return by the last date of filing income tax return i.e. 15 September, then the opportunity is not over. Under section 139(4) of the Income Tax Act, you can file belated returns till 31 December 2025. Though a little late, but filing ITR is still possible. It is important to file belated returns so that you remain within the ambit of the law and avoid penalty.
What are the disadvantages of late filing?
You will have to pay late fees for filing ITR late. If your income is up to 5 lakhs, then a penalty of Rs 1,000 can be imposed and if it is more than 5 lakhs, then a penalty of Rs 5,000 can be imposed. Apart from this, interest may also have to be paid under section 234A, 234B and 234C. The biggest disadvantage of late filing is that you will lose many types of tax benefits.
For example, you will not be able to carry forward business loss or capital loss to the next year. Yes, you can still get the benefit of house property loss. Exemptions or deductions available under section 10A, 10B, 80-IA, 80-IB, 80-IC, 80-ID and 80-IE will no longer be available. These benefits are available only to those who file ITR before the deadline.
You may also receive a notice from the tax department
If you file your ITR late or do not file it at all, you may receive a notice from the income tax department. Then you may have to submit documents, reply and all this can lead to unnecessary tension and hassle. Therefore, it would be better to file a belated return if you miss the deadline.
How to file belated return?
Online method
Step 1: First of all go to the Income Tax website and login to your account.
Step 2: Click on the ‘e-File’ option given above → then select ‘Income Tax Returns’ → and click on ‘File Income Tax Return’.
Step 3: Select the assessment year for which you want to file the return (eg AY 2025–26).
Step 4: If you choose the ‘Online’ mode, then follow steps 5 to 10 given below.
Step 5: Click on the ‘Start new filing’ button.
Step 6: Select your correct status, like Individual, HUF, etc.
Step 7: Now select the ITR form that is correct for you (eg ITR-1, ITR-2).
Step 8: Go to the ‘Personal Information’ section and check all your details to see if everything is correct.
Step 9: Scroll down and select Section 139(4) in the Filing Section – this is the option for Belated Return.
Step 10: Now fill in your income details, calculate tax and pay the outstanding tax, if any.
Offline method
Download the offline ITR preparation utility from the income tax website.
Fill in all your details in it and prepare the ITR.
When everything is done, upload the .json file on the website and then verify the return.
What if you miss the belated return as well?
If you miss the deadline for belated return as well, then you have the option of ITR-U i.e. Updated Return, which can be filed within 48 months under certain conditions. But additional tax has to be paid in this.
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