ITR Deadline: Taxpayers must file their ITR by December 31, failing which they will be penalised.

Belated ITR Penalty: If you file ITR after the deadline, you may not get some benefits and will have to pay late fees and interest.

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Belated ITR Penalty: If you haven’t filed your income tax return by the September 16th deadline, there’s no need to worry. Taxpayers can still file their belated ITR until December 31, 2025. Filing a belated income tax return is crucial if you want to avoid fines and penalties for non-filing taxes.

Fees and Interest for Filing a Late Return

Filing a belated return doesn’t prevent you from paying the penalty and interest. Since you’re filing after the deadline, you’ll be subject to late fees and interest. Such taxpayers are charged late fees under Section 234F and interest under Section 234A. This means that you may incur slightly higher expenses if you file late.

What is a belated return?

Any return filed after the original due date, i.e., September 16, is considered a belated return. Only returns filed under Section 139(1) or belated returns already filed can be revised later. Returns filed under Section 142(1) under a notice cannot be revised.

You can also file a revised return.

If you omitted any information or made a mistake in your ITR, it can be corrected later. You can file a revised return. Whether this mistake was intentional or unintentional, it can be corrected through a revised return.

The last date for filing a revised ITR

You can file a revised return up to three months before the end of the relevant assessment year (i.e., December 31st) or before the completion of the assessment.

Disadvantages of Filing a Late Return

Note that if you file your ITR after the deadline, you will lose some benefits and will have to pay late fees and interest. File your ITR on time.

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