Missed Filing ITR? Don’t Worry – You Can Still File Till 31st December 2025

Filing your Income Tax Return (ITR) on time is not only a legal responsibility but also an essential step in maintaining good financial health. However, many taxpayers miss the original deadline due to various reasons such as lack of documents, oversight, or last-minute financial planning. If you are one of them, don’t panic! The Income Tax Department gives you another chance to file your ITR as a belated return.

For Financial Year 2024-25 (Assessment Year 2025-26), the belated ITR can be filed till 31st December 2025. While you may face certain consequences like late fees and interest, timely action can still help you avoid bigger complications.

What is a Belated Return?

A belated return is a tax return filed after the original due date. For FY 2024-25, the original deadline for most taxpayers (not requiring an audit) was 31st July 2025, which was extended till 15th September 2025 for certain categories. If you missed these, you can still file your return till 31st December 2025.

Belated returns are filed under Section 139(4) of the Income Tax Act. Though late, filing ensures compliance, avoids legal notices, and allows you to report your income correctly.

Late Fees u/s 234F

The government imposes a late filing fee under Section 234F. The penalty depends on your total income:

  • ₹1,000 if your income is below ₹5 lakh.

  • ₹5,000 if your income is above ₹5 lakh.

This fee must be paid before filing the belated return.

Interest on Tax Due – Section 234A

If you have any outstanding tax liability, you will also have to pay interest at 1% per month (or part of a month) until you file your return. This is calculated on the net tax payable after adjusting advance tax, TDS, and self-assessment tax.

So, if you owe taxes, delaying further will increase your interest liability. Filing sooner can help minimize the cost.

Consequences of Late Filing

Filing ITR late comes with certain disadvantages:

  1. Loss of Carry Forward of Losses
    Business losses, capital losses, or other eligible losses cannot be carried forward to future years if you file late (except for losses under the head ‘Income from House Property’). This can affect your future tax planning.

  2. Delay in Refunds
    If you are eligible for a tax refund, filing late will delay the processing of your refund. In some cases, the refund interest may also be lower.

  3. Reduced Interest Benefits
    Interest under Section 244A, which is payable by the department on your refund, may be lost or reduced if the return is filed late.

  4. Increased Scrutiny
    Regular delays can raise compliance issues and invite notices from the Income Tax Department.

Why You Should Still File Your ITR

Even with late fees and interest, filing your return is better than not filing at all. Here’s why:

  • Proof of Income: ITR acts as an official proof of income for loans, visas, and financial transactions.

  • Compliance: Filing helps avoid legal action and notices from the department.

  • Refund Claim: If you are eligible for a refund, filing ensures you receive it.

  • Loss Reporting: At least you can report losses under house property and show compliance.

Tips for Filing Belated Return

✔️ Gather All Documents: Collect Form 16, TDS certificates, advance tax receipts, bank statements, and investment proofs.
✔️ Pay Pending Taxes: Clear any outstanding tax before filing to reduce interest burden.
✔️ Use Correct ITR Form: Filing under the wrong form may lead to rejection.
✔️ Check AIS & 26AS: Match your income and tax credits with the Annual Information Statement (AIS) and Form 26AS.
✔️ Consult a Tax Expert: If you have multiple sources of income, foreign income, or complex investments, professional help ensures accurate filing.

Final Reminder

👉 The last date to file your belated ITR for FY 2024-25 is 31st December 2025.
👉 Don’t delay further—late filing adds to your penalty and interest.
👉 Timely action ensures compliance and peace of mind.

📞 Need Help Filing Your ITR?

At Taxla Services P. Ltd, we specialize in hassle-free income tax filing, GST compliance, and financial advisory. Our team ensures accurate filing, maximizes tax benefits, and avoids penalties.

📞 Contact us today: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

#BestAuditorInTamilnadu #ITRFilingInChennai #IncomeTaxReturn #FileITROnTime #TaxConsultant #TaxlaServices



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