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Missed ITR Filling deadline, can I file my ITR now?
Category: Income Tax, Posted on: 02/08/2024 , Posted By: SUMIT BIHANI
Visitor Count:115

Can I file my Income Tax Return even If I have missed Income Tax Returns filling due date 31st of July.

Yes, If you miss the July 31st deadline, you can still file a belated return by December 31, 2024, but the following thing might have changed.

  • New Tax Regime becomes default Tax Regime
  • No Carry forward of Losses
  • Late Filling fees U/s 234 F  of ₹ 5,000 (or ₹ 1,000 if income is below ₹ 5 lakh)
  • Interest will be charged at 1 per cent per month on outstanding tax amounts under Section 234A.
  • Loss of interest on TDS refund @0.5% per month under Section 244A, as interest is calculated from the date of filing the return or the due date, whichever is later.

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