What is the last date to file ITR with penalty? How to file, charges
income tax return (ITR) for FY 2023-24 remains July 31, 2024, and there has been no extension. If you haven't filed your ITR, there's no need to worry because you can still submit your tax return after this deadline. Even if you incur a penalty, you have the option to file your tax returns after the deadline – this is referred to as a belated return.
ET Guide to ITR
Missed ITR deadline: These people won't pay penalty
How to file ITR after July 31 deadline?
What is the penalty for filing ITR after the July 31 deadline
ITR filing deadline: 5 consequences of not filing your income tax return today
What is a belated return? What is the last date
An assessment year's belated return is one that is filed after the deadline, on July 31. The last date to file a belated ITR is December 31 of the same year.
For instance, the deadline to file a late return for the AY 2024–25 is December 31, 2024, at the latest. You may file an ITR-U in certain specific circumstances if you miss the deadline for filing a delayed return.
Penalty for filing belated ITR
In addition to late fines, interest under sections 234A and 234B on the unpaid tax liability will be applied to the delayed return. If a taxpayer files an amended tax return, he may also miss the deadline for filing a delayed return.
Has the last date to file ITR been extended beyond July 31?
How to file belated return
You can still file your ITR, but you must pay a late filing fee of up to Rs 5,000. An ITR filed after the deadline is referred to as a belated ITR and is filed
Read more on economictimes.indiatimes.com
