What if I miss the ITR filing due date? : Help Center

What if I miss the due date of filing an ITR? Print

Modified on: Wed, 19 Oct, 2022 at 5:22 PM

If you miss the due date for filing an ITR, you can still file a belated return on or before 31st December of the assessment year.

The following can be the consequences:

Losses are not allowed to be carried forward (other than house property loss).
A late filing cost of up to Rs.5000 would be charged, based on the taxable income and the date of return filing.
In case of an Income Tax Return is filed after 31st December, a penalty of Rs.10,000 will be applicable. A reduced penalty of Rs.1000 is applicable for assess with a taxable income upto Rs.500,000.

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