What is belated ITR filing?
2 years, 4 months ago

What is belated ITR filing?

Business Standard  

The income tax return filing deadline, 31 July, has passed and over 58.3 million returns were filed for the Assessment Year 2022-23. If you are one of those who didn't file an income tax return before the deadline, you can still file it on or before three months prior to the end of the relevant assessment year. Filing belated returns is the same as filing normal return, it’s just taxpayers need to select the option ‘Filed under Section 139 — After the due date’ under 'Part A – General Information' However, the belated return filing comes at a cost. Usually, a taxpayer's refund is calculated from the start of assessment year 1 April, but in the case of belated return, the refund will be computed from the actual date of filing a return.

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History of this topic

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
4 days, 9 hours ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

India Today  

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
4 days, 20 hours ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Belated Income Tax Return: You can file it before Dec 31. Check details
1 week ago

Belated Income Tax Return: You can file it before Dec 31. Check details

Live Mint  

If you missed filing your income tax return before July 31 then you do not need to fret! For the financial year 2023-24, while the last date of filing income tax return for individual taxpayers was July 31, one can file it before Dec 31 after paying a fee. If you are filing a belated income tax return then you …

Rs 5,000 late fee: Your last chance to file belated ITR before December 31, check steps here
1 week, 6 days ago

Rs 5,000 late fee: Your last chance to file belated ITR before December 31, check steps here

India TV News  

Taxpayers who failed to file their Income Tax Return for the financial year 2023-24 still have an opportunity to file their Income Tax Return. However, there is now a late fee of Rs 5,000 for filing as per Section 234F of the Income Tax Act. Late Fee on income below Rs 5 lakh: The late payment of Rs 1,000 will …

ITR filing: Deadline to file tax returns for corporates, some taxpayers is November 15; Check penalty and other details
1 month, 1 week ago

ITR filing: Deadline to file tax returns for corporates, some taxpayers is November 15; Check penalty and other details

Live Mint  

The deadline to file income tax returns by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024. Types of taxpayers to file returns by Nov 15: As per an Economic Times report citing Prakash Hegde, a chartered accountant, there are three types of taxpayers who have to file ITR by November 15, for the financial …

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date
4 months, 3 weeks ago

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date

India TV News  

The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds. For individuals with net taxable income of more than Rs 5 lakh for the financial year 2023-24, filing a belated return may …

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?
5 months, 1 week ago

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?

Hindustan Times  

The deadline for filing income tax returns in 2024 is set on July 31. The Income Tax Department's website noted, “Over 2.7 crore ITRs have been filed as on 14 July 2024, which is 13% more compared to returns filed during the same period last year. While the milestone of filing of 1 crore of ITRs for AY 2024-25 arrived …

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?
5 months, 2 weeks ago

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?

News 18  

Filing your income tax return is not just a financial formality; it is a crucial responsibility for every taxpayer in India. As we approach the July 31, 2024, deadline to file the income tax return, it is essential to understand why filing your ITR well before the deadline can significantly benefit you. Conclusion “Filing your Income Tax Return well before …

What Will Happen If You Do Not File Your ITR Before The Deadline
8 months, 2 weeks ago

What Will Happen If You Do Not File Your ITR Before The Deadline

News 18  

March has ended, and with the income tax filing season in full swing, individuals are busy ensuring they meet their tax obligations. Missing this deadline can impact your ability to choose between the old and new tax regimes. Filing before this deadline allows taxpayers to select between the old and new tax regimes. In contrast, the old tax regime offers …

Do taxpayers lose out on deduction benefits on filing late income tax returns? We explain
1 year, 4 months ago

Do taxpayers lose out on deduction benefits on filing late income tax returns? We explain

Live Mint  

The cutoff for submitting the Income Tax Return for the fiscal year 2022-23 was July 31, 2023. While numerous taxpayers are considering submitting a late return with a penalty, a significant number are apprehensive about the possibility of their tax refund request being declined in the event of a delayed ITR submission. Submitting a delayed ITR incurs a late fee, …

ITR deadline over, now what? File with late penalty or face these consequences
1 year, 4 months ago

ITR deadline over, now what? File with late penalty or face these consequences

Hindustan Times  

The government did not extend the deadline to file income tax return for the financial year 2022-23 as the deadline passed on July 31. Income Tax return deadline passed on July 31 Data from Income Tax Department showed that more than 6.77 crore ITRs for the assessment year 2023-24 were filed till July 31. Anyone whose total income from all …

What Happens If I Miss Deadline to File Income Tax Returns?
1 year, 4 months ago

What Happens If I Miss Deadline to File Income Tax Returns?

Deccan Chronicle  

July 31, Monday, marks the final day for taxpayers to file their Income Tax Returns for the financial year 2022-23. The Income Tax Department has been closely monitoring the situation and informed that its helpdesk is functioning 24x7 to provide additional support to handle the anticipated influx of taxpayers seeking assistance in the eleventh hour. The Income Tax Department has …

ITR filing last date today: Here's what happens if you miss the deadline
1 year, 4 months ago

ITR filing last date today: Here's what happens if you miss the deadline

Firstpost  

As most tax experts and chartered accountants suggest that the government has no plan to extend the deadline this year, the 31 July date becomes even more important for those who are yet to file their returns to avoid penalties As the deadline to file your income tax returns draws to a close today, it is crucial not to overlook …

ITR filing last date today: What to do if you miss the July 31 deadline?
1 year, 4 months ago

ITR filing last date today: What to do if you miss the July 31 deadline?

India TV News  

The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today According to the Income Tax Department on Sunday, over 6 crore tax returns have been filed for the previous year, and over 11 lakh returns have been filed upto 12 pm on …

Income Tax Return: Beware of missing ITR deadline, check penalties and late fees here
1 year, 4 months ago

Income Tax Return: Beware of missing ITR deadline, check penalties and late fees here

Live Mint  

Many taxpayers are finding themselves in turmoil as the due date for filing income tax returns is inching closer with each passing day. Failure to meet the ITR filing deadline could lead to the following penalties for taxpayers: Interest : A late filing fee of 0.5 per cent of the tax due will be imposed for each month that the …

Missed your ITR ever before? ITR-U is here to help
1 year, 7 months ago

Missed your ITR ever before? ITR-U is here to help

Live Mint  

Are you one of those taxpayers who missed the income tax filing deadline this year? In this article, we'll discuss everything you need to know about filing overdue income tax returns using ITR-U. The Income tax section 139 allows taxpayers a chance to update their ITR within two years from the end of the year in which the original return …

How to file ITRs when it’s belated, revised, updated
2 years, 2 months ago

How to file ITRs when it’s belated, revised, updated

Live Mint  

Income Tax Return filing has three different due dates u/s 139 of Income Tax Act. Belated return can be filed till 31 December of the relevant AY u/s 139 of IT Act subject to completion of assessment. Revised Return If a taxpayer has filed original or belated ITR but later discovers an omission or wrong statement in it due to …

You can be fined even if you file your income tax return before deadline
2 years, 4 months ago

You can be fined even if you file your income tax return before deadline

Hindustan Times  

The deadline to file income tax returns ended on July 31. The income tax department said nearly six crore returns were filed till the deadline. You can be fined ₹5,000 for late filing in case you failed to verify your income tax return. The date when a taxpayer e-verifies the income tax return will be considered the date for filing …

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It
2 years, 4 months ago

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It

News 18  

ITR Refund AY 2022-23: The due date to file income tax return, or ITR for AY 2022-23, has ended on July 31. Those who have filed their ITR for AY 2022-23 on time will now wait for their income tax refunds, which is issued to taxpayers only when they pay higher taxes than the actual liabilities. The income tax department …

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do
2 years, 4 months ago

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do

News 18  

ITR Filing AY 2022-23: The due date to file income tax return has already passed on July 31, Sunday. according to the government rule under the Finance Act, taxpayers can file income tax returns after the due date. Those who have already filed their income tax returns are also eligible to file a revised return if there was a gap …

ITR filing deadline missed? What you can do now
2 years, 4 months ago

ITR filing deadline missed? What you can do now

India TV News  

Highlights The last date for filing the ITR was July 31, 2022 There is an option to file belated ITR for those who missed the deadline However, one has to pay a fine depending on their pay scale to file belated ITR ITR deadline: Income Tax Return filing's last date was July 31, 2022 for the year 2021-2022. So, if …

ITR filing Assessment Year 2022-23 last date today: Nearly 34 lakh returns filed till 4 pm
2 years, 4 months ago

ITR filing Assessment Year 2022-23 last date today: Nearly 34 lakh returns filed till 4 pm

Firstpost  

According to tax laws, a Rs 5,000 late fee would be payable by people having an annual income of over Rs 5 lakh, if they file their ITR by 31 December of the assessment year New Delhi: Nearly 34 lakh income tax returns were filed till 4 pm on the last day of filing ITR for 2021-22 fiscal by salaried …

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty
2 years, 4 months ago

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty

Hindustan Times  

The last date for filing income tax returns is July 31, i.e Sunday. The income tax department has made it clear that the deadline will not be extended, and has asked the tax payers to file their returns before the deadline to avoid any fine. On Friday, the income tax department took to Twitter to remind the tax payers about …

ITR Filing AY 2022-23: Rs 5,000 Penalty if you Miss Income Tax FY22 Deadline; Know Details
2 years, 4 months ago

ITR Filing AY 2022-23: Rs 5,000 Penalty if you Miss Income Tax FY22 Deadline; Know Details

News 18  

ITR Filing for AY22-23: Tax season is almost coming to an end with the deadline to file income tax returns ending this week on July 31, which is this Sunday. Over 3.4 crore ITRs filed till 26th July, 2022 & about 30 lakh ITRs filed on 26th July, 2022 itself.The due date to file ITR for AY 2022-23 is 31st …

Income tax return: Missing ITR filing last date may land you in jail
2 years, 4 months ago

Income tax return: Missing ITR filing last date may land you in jail

Live Mint  

ITR filing for AY 2022-23: The due date for income tax return filing for the financial year 2021-22 or for the assessment year 2022-23 is fast approaching as ITR filing due date is 31st July 2022. However, in case a taxpayer misses to file is ITR by given last date of 31st December 2022, then in that case the income …

ITR Filing Last Date for AY 2022-23 Nears: Will Govt Extend Deadline to File Income Tax Return?
2 years, 4 months ago

ITR Filing Last Date for AY 2022-23 Nears: Will Govt Extend Deadline to File Income Tax Return?

News 18  

ITR Filing for AY22-23: The Income Tax Department as well as the government have been repeatedly saying that the deadline to file income tax returns will not be extended beyond July 31, despite receiving requests from taxpayers and associations to do the same. #FileNow!Pl visit: https://t.co/GYvO3n9wMf #ITD pic.twitter.com/Kd5GVaeGb2— Income Tax India July 25, 2022 Not only the income tax department, …

ITR filing for AY 22-23: Know last date and penalty if you miss deadline
2 years, 5 months ago

ITR filing for AY 22-23: Know last date and penalty if you miss deadline

Live Mint  

ITR filing for AY 22-23: The due date for income tax return filing for the financial year 2021-22 or for the assessment year 2022-23 is fast approaching. They penalty will be charged in the form of late fee that a taxpayer will have to pay if they fail to file their ITR by given due date of 31st July 20222. …

ITR Filing, PAN-Aadhaar Link, Others: 5 Tasks Taxpayers Should Complete by March 31
2 years, 8 months ago

ITR Filing, PAN-Aadhaar Link, Others: 5 Tasks Taxpayers Should Complete by March 31

News 18  

Income Tax Deadline: The ongoing financial year is on its way to end this week and this should remind salaried taxpayers to finish a slew of tax-related tasks before March 31, which is a crucial deadline for them. From filing belated income tax return to planning your taxes, March 31 is the last date to do it all to avoid …

Belated Returns: How to file ITR after due date
2 years, 11 months ago

Belated Returns: How to file ITR after due date

India Today  

The general due date for filing the Income Tax Return by Assesse was December 31, 2022, but the finance ministry has extended till March 31, 2022. Here is how to file an Income Tax Return after the due date: The process of filing a belated return is the same as filing the return on or before the due date. If …

ITR filing deadline extended till 31 Dec
3 years, 3 months ago

ITR filing deadline extended till 31 Dec

Live Mint  

The income-tax department on Thursday extended the date of filing income tax returns and report of audits to 31 December, from the previous deadline of 30 September. The date for filing belated ITR returns was also extended by a month from 31 December to 31 January 2022 and reports from accountants on international transactions or specified domestic transactions under Section …

Income-tax return (ITR) filing deadline for FY21 extended till 31 Dec. Details
3 years, 3 months ago

Income-tax return (ITR) filing deadline for FY21 extended till 31 Dec. Details

Live Mint  

The Central Board of Direct Taxation on Thursday extended the Income-Tax Return filing deadline FY 2020-21 for individuals till 31 December 2021, mostly for the difficulties faced by taxpayers in the wake of Covid-19 pandemic. “The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section of section 139 of …

Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms
3 years, 3 months ago

Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms

News 18  

What comes as a big relief to taxpayers in India, the Finance Ministry had announced that it would be extending the deadlines for e-filings of various income tax returns forms that come under the ambit of the Income-Tax Act, 1961. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021, …

Deadline for ITR filing extended but doesn't provide relief from interest penalties
3 years, 4 months ago

Deadline for ITR filing extended but doesn't provide relief from interest penalties

India Today  

The pandemic led the Government of India to provide relief by extending the ITR filing for the financial year 2020-21 till September 30, 2021. Here are the details of the penal interest to be paid on the extension of the ITR filing date: The interest rate will be charged by 1% every month on the outstanding tax amount as per …

How to file belated Income Tax return for FY 2020, check here
3 years, 7 months ago

How to file belated Income Tax return for FY 2020, check here

India Today  

The government has extended the timelines for various income tax compliances, including the filing of belated or revised return for 2019-20 fiscal, till May 31. The Central Board of Direct Taxes has said that the filing of the belated income tax return under sub-section and revised return under sub-section of Section 139 of the Income Tax Act, 1961, for the …

Forgot to File Your Income-Tax Returns? Here's What You Can Do
3 years, 8 months ago

Forgot to File Your Income-Tax Returns? Here's What You Can Do

News 18  

Have you filed your Income Tax Return for the financial year 2019-20? The deadline for Financial Year 2019-20 was earlier extended from July 31 to November 30, 2020 and then to December 31, 2020 and finally to March 31, 2021 in the wake of the coronavirus pandemic. Starting Assessment Year 2018-19 a penalty is applicable under Section 234F of the …

Here is what happens if you miss filing ITR for FY19-20
3 years, 8 months ago

Here is what happens if you miss filing ITR for FY19-20

News 18  

If you are still thinking about filing your Income Tax Returns for the financial year 2019-20, then hurry, as the last date along with a late fine of Rs 10,000 will end on March 31. The late filing of tax return attracts a fee under Section 234F of the Income Tax Act and the penalty payable by assesses filing a …

ITR 2019-20: Govt extends deadline till 10 Jan; individuals, firms requiring audit can file income tax return by 15 Feb
3 years, 11 months ago

ITR 2019-20: Govt extends deadline till 10 Jan; individuals, firms requiring audit can file income tax return by 15 Feb

Firstpost  

The govt has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till 31 January while the deadline for filing GST annual return for FY2019-20 has been extended by two months till 28 February, 2021 The government on Wednesday extended the deadline to file income tax returns for …

What Happens if You Miss Your Tax Return Date?
3 years, 11 months ago

What Happens if You Miss Your Tax Return Date?

News 18  

If you are still thinking about filing your Income Tax Returns, then hurry, as the last date is fast approaching. In light of the coronavirus pandemic, the deadlines to file tax returns for the financial year 2019-20 were extended multiple times to December 31, 2020, from the usual due date of July 31, 2020. But for small taxpayers, with income …

ITR Filing: Last Month to file ITR, check details here
4 years ago

ITR Filing: Last Month to file ITR, check details here

India Today  

An income tax return is basically a document that is filed as per the provisions of the Income Tax Act, reporting one’s income, profits and losses, and other deductions as well as details about a tax refund or tax liability. The Income Tax Return filing deadline for the financial year 2019-20 earlier would have ended on November 30, 2020. ITR …

ITR Belated Filing: Penalty for late filing of income tax return
4 years ago

ITR Belated Filing: Penalty for late filing of income tax return

India Today  

The last date to file the ITR for FY2019-20 has been extended multiple times, and as of now, it’s on December 31, 2020. Penalty for late filing of income tax return: If you file your ITR after the deadline, then a late filing fee will be levied. Until assessment year 2017-18, there was no penalty for filing belated income tax …

Belated Returns: Last date for filing Belated Income Tax Return extended
4 years, 1 month ago

Belated Returns: Last date for filing Belated Income Tax Return extended

India Today  

The deadline to file belated/revised income tax returns for FY 2018-19 has been extended to November 30, 2020, from the earlier one of September 30, 2020. Until assessment year 2017-18, there was no penalty for filing belated income tax returns. Here is how to file an Income Tax Return after the due date: The process of filing a belated return …

ITR Filing: Important dates to know for filing Income Tax Returns
4 years, 1 month ago

ITR Filing: Important dates to know for filing Income Tax Returns

India Today  

The government has now extended the deadline for filing an income tax return by a month and the new deadline is December 31. The due date of furnishing Income Tax Returns for taxpayers whose accounts require to be audited has been extended to January 31, 2021. In view of constraints being faced by taxpayers due to COVID-19,CBDT further extends due …

ITR filing deadline for FY 2019-20 (AY 2020-21) extended. Check new dates
4 years, 1 month ago

ITR filing deadline for FY 2019-20 (AY 2020-21) extended. Check new dates

Live Mint  

In a major relief to taxpayers, the Central Board of Direct Taxes on Saturday extended the deadline for filing income-tax returns for FY 2019-20 by a month till 31 December, 2020. "The due date for furnishing of Income Tax Returns for the taxpayers has been extended to December 31, 2020," CBDT said in a statement. "The due date for furnishing …

ITR filing: Income tax return filing deadline for FY 2019-20
4 years, 2 months ago

ITR filing: Income tax return filing deadline for FY 2019-20

India Today  

The government has extended the last date for filing an income tax return for the financial year 2019-20 from July 31, 2020, to November 30, 2020. On the other hand, if the tax evaded exceeds Rs 25 lakh the punishment could be 6 months to 7 years", as per the website of the Income Tax Department. Which Tax Return to …

Belated Returns: How to file ITR after due date
4 years, 3 months ago

Belated Returns: How to file ITR after due date

India Today  

The general due date for filing the Income Tax Return by Assess is 30th September 2020 but the finance ministry has extended till 30th November 2020. Here is how to file an Income Tax Return after the due date: The process of filing a belated return is the same as filing the return on or before the due date. If …

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