Missed the Deadline?

Missed July 31st? You can still file, but there are consequences you need to manage immediately.

What it usually means

You forgot to file the original return on time.
You filed but realized there was a mistake later.
You have pending tax to pay from previous years.

Risks if ignored

Late filing fee of ₹1,000 or ₹5,000.
Loss of ability to carry forward losses.
Interest u/s 234A @ 1% per month on tax due.

Deep Dive Analysis

The due date (usually July 31st) is for filing the original return. Missing it doesn't mean you can't file. You can file a 'Belated Return' until December 31st. However, this attracts a late fee and restricts you from carrying forward losses (like stock market losses).

Filing Options

Belated Return

Can be filed u/s 139(4) till Dec 31st.

Revised Return

Correcting errors u/s 139(5) till Dec 31st.

ITR-U

Updated return for past 2 years with extra tax.

Condonation

Requesting delay forgiveness for genuine reasons.

How to Solve This

Select Solution Method

Filing u/s 139(4)

Use this if you are filing between Aug 1 and Dec 31 of the Assessment Year.

Select Section 139(4)

In the utility/portal, change section from 139(1) to 139(4).

Pay Late Fee

The system will automatically add ₹1000 (if income < 5L) or ₹5000 fee.

Verify Quickly

Verify within 30 days, or the return will be invalid.

Still unsure what to do?

If the steps above seem complicated, or if the amount involved is high, do not risk a DIY fix. Let our CAs handle it.