Team SKM,
What is a Belated Return?
A Belated Return, governed by Section 139(4) of the Income Tax Act, is an ITR filed after the original due date but before December 31 of the Relevant assessment year.
- For FY 2024-25 (AY 2025-26):
- Original due date: September 16, 2025
- Last date to file belated return: December 31, 2025
- It helps taxpayers remain compliant and avoid serious legal consequences of non-filing of their income tax returns.
Penalties and Drawbacks
Filing late has its costs:
- Late Fee (Section 234F):
- Income ≤ ₹5 lakh → ₹1,000
- Income > ₹5 lakh → ₹5,000
- Interest: Payable under Sections 234A, 234B, 234C for tax dues.
- Loss of Benefits: Business and capital losses cannot be carried forward (only house property loss is allowed).
- Refund Delay: Processing and refunds take longer.
- Inability to options for old regime: option to file under the old regime (even if it is beneficial for taxpayers) is lost.
Can It Be Revised?
Yes, belated returns can be revised to correct mistakes. But revision must also be completed before December 31, 2025.
What If You Miss Even This Deadline?
If you fail to file by December 31, you can still use the Updated Return (ITR-U) under Section 139(8A).
- It can be filed within 48 months from the end of AY.
- Attracts additional tax (25%–50% of tax + interest).
- Cannot be used to claim refunds or losses.
How to File a Belated Return
- Visit Income Tax e-filing portal.
- Select the AY 2025-26 and filing type 139(4) – Belated Return.
- Fill in income, deductions, and taxes paid.
- Pay pending tax + late fee.
- Submit and E-Verify using Aadhaar OTP, net banking, or EVC.
Final Word
Filing a belated return may cost you extra, but it’s still better than not filing. It ensures compliance, allows refund claims, and helps with loans, visas, and official documentation. 👉 Tip: File on time to save penalties and maximize tax benefits.