What is the New Extended ITR?

The deadline for filing ITR is scheduled for September 15, 2025 however previously it was July 31, 2025. To avoid fines and other consequences, taxpayers should ensure timely filing before the final deadline.

Belated ITR Filing FY 2024-25 (AY 2025-26)

If a taxpayer misses filing ITR on the original return, then he/she can still file a belated Income Tax Return (ITR). The belated return can only be submitted till December 31, 2025. However, this comes with penalties and consequences.

Penalties and Consequences

If a taxpayer fails to file an ITR, then he/she is required to pay a late filing fee of Rs 5,000. But taxpayers whose taxable income does not exceed Rs 5 lakh have to pay a penalty of Rs 1,000.

Under Section 234A a penal interest will also be levied. This is levied if an individual pays his/her self-assessment tax dues after September 15, 2025.

Apart from penalties, late filing has other consequences:

• The penal interest under section 234A/B/C is 1% per month.
• Delayed processing of any refunds due to you
• Increased scrutiny from tax authorities
• Loss of the right to carry forward certain losses to future years under 10A, 10b, 80-1A, 80-1B, 80-1D and 80-1E.

How to file a Belated ITR?

Following is a step-by-step guide on how to file a belated ITR online:

Step 1: On the official Income Tax e-filing portal, log in to your account.

Step 2: Click on ‘e-File’. Select ‘Income Tax Returns‘ and then ‘File Income Tax Return‘.

Step 3: Select the relevant assessment year accordingly.

Step 4: Then click the ‘Start new filing’ button.

Step 5: Select the applicable status and relevant ITR form.

Step 6: Visit the Personal Information section and verify your information.

Step 7: Scroll down to the filing section and choose 139(4).

Important Dates