Usually, a taxpayer files old returns as a response to an income tax notice. Until AY , there was a time limit of 1 year for filing a revised return from the end of the relevant AY.
It is interesting to note that from the AY , the time limit for filing a revised return rectifying any omission, error etc.
Currently, such a revision has to be done on or before the end of the relevant AY. Post 31 December , the late fee would be Rs 10, Note: For FY the last date to file the income tax return was 10th January so late fee of Rs. The amendment made in the Finance Act stated that income tax returns must be filed within the end of the relevant assessment year, effective from the assessment year There is no provision for you to file the returns once you have missed the due date.
The income tax department allows taxpayers to file returns post-deadline in some specific cases. The following ways help you file a condonation of delay request:. The due date to file income tax return by individuals Non-audit cases for FY is 31st December If you file return after 31st December , interest and late fees up to Rs 10, will be levied. The taxpayers can file a belated return until the end of the assessment year or completion of the assessment, whichever is earlier.
For example, for the AY corresponding to FY , a belated return can be filed until 31 March This scheme has been made applicable from the assessment year of This can be explained further with an example: the income tax return due date for the fiscal year was 31 July and 30 September If a taxpayer fails to file the ITR on time for any reason, he has the option of filing a belated tax return before the end of the corresponding assessment year, i.
If you want to file income tax returns for the financial year , the last date for filing the belated ITR has already passed on 31 March For the financial year , the last date for filing your belated return with penalty has also passed on 31 March Similarly, for the financial year , the last date for filing your belated return with penalty has also passed on 31 March Kaviya A. Jun 23, 11, 3 mins. Twitter Linkedin Facebook Whatsapp X. Related Articles Recommended. Even the e-assessment proceedings tab is also working absolutely flawless now.
The new features provided by the Income Tax Portal are very thoughtful and efficient. The new ITR portal is very user friendly. Excellent experience after some initial hiccups. Thanks a lot! The user interface has improved and its now really easy to file the returns.
Great work. Refer Latest Updates section for more details. Please refer clarification under Latest Updates on HomePage. Withdrawal Functionality in Form 15CA has been enabled. Latest utility and corresponding schema is available under download section. All ITRs are available for E-filing. Please use the latest utilities to ensure correct computation of Interest due to revision of due dates and proper acknowledgement numbers.
Legal Heir representative assessee functionality is enabled on the portal. The four categories of these certificates are: Platinum, Gold, Silver, and Bronze.
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