Filing Belated Income Tax Return & Common Reasons for Delayed Filing

Sachin | Last updated: 29 August 2024

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If you've missed the original July 31 deadline for filing your Income Tax Return (ITR), you can still file a belated ITR up until December 31. Penalties apply, varying from £5,000 to £10,000 depending on when you file, with a reduced penalty of £1,000 for incomes up to £5 lakh. Common reasons for late filing include forgetting the deadline, incomplete information, personal issues, financial difficulties, or technical problems.

Filing a Belated ITR 1. Eligibility You can file a belated Income Tax Return (ITR) if you missed the original deadline of July 31. The deadline to file a belated ITR is December 31 of the assessment year. 2. Penalty for Late Filing Before December 31: A penalty of ₹5,000 is applicable. After December 31 but before March 31: A penalty of ₹10,000 is charged. Income Up to ₹5 Lakh: If your total income is up to ₹5 lakh, the penalty is reduced to ₹1,000. 3. Additional Charges Intere

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1 Year PLAN

1999

(Excl. of GST ₹359)

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2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Sachin

Finance Manager

Im passionate about accounts and enjoy playing music on the keyboard. When Im not working, youll find me exploring new melodies or diving into the intricacies of Excel. I love solving complex spreadsheets, and Im always up for a challenge that combines creativity with precision.

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