Belated and Revised ITR Filing for FY 2023-2024

Understanding Belated and Revised ITR

The Income Tax Act allows taxpayers to file a Belated Return or make corrections through a Revised Return even after the original due date has passed. This ensures taxpayers can meet their tax obligations and fix errors.

Key Deadline for FY 2023-2024

🗓️ 31st December 2024
The last date to file your Belated or Revised ITR for the financial year 2023-2024 is December 31, 2024.

What is a Belated ITR?

A Belated ITR is filed when the taxpayer misses the original ITR filing deadline (usually 31st July of the assessment year).

  • Filing is allowed under Section 139(4) of the Income Tax Act.
  • Late fees may apply for missing the original deadline:
    • INR 1,000 for taxpayers with income below INR 5 Lakhs.
    • INR 5,000 for taxpayers with income above INR 5 Lakhs.

What is a Revised ITR?

A Revised ITR is filed to correct errors, omissions, or discrepancies in the originally filed return.

  • Allowed under Section 139(5).
  • Taxpayers can file as many revisions as required before the deadline.
  • Ensures accurate tax reporting and compliance.

Why File a Belated or Revised ITR?

✅ Compliance: Avoid penalties and legal issues.
✅ Claim Refund: File your return to claim refunds for excess taxes paid.
✅ Correction: Fix errors in income, deductions, or tax calculations.
✅ Avoid Interest: Filing ensures lower interest under Sections 234A, 234B, and 234C.

How Taxla Services Can Help

At Taxla Services, we specialize in:

  • Belated ITR Filing: Helping you file returns even after missing the deadline.
  • Revised ITR Filing: Fixing mistakes to ensure compliance and avoid penalties.
  • Accurate Documentation: Ensuring all data is reviewed for accuracy and efficiency.
  • End-to-End Support: From document collection to ITR filing and compliance.

We ensure that your returns are filed promptly and correctly, so you don’t face any tax-related hassles!

📞 Contact Us Today for ITR Filing Assistance:
📲 +91 9600076134 / 6374812546
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

Taxla Services – Your Trusted Tax Practitioners!

#BelatedITR #RevisedITR #IncomeTaxReturn #ITRFiling #TaxDeadline #TaxCompliance #TaxPractitioners #TaxlaServices



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