If you have missed the extended due date which was 16th September 2025, you can still file your return without paying late fees.
How to file ITR without paying late fees?
If you are filing a Belated ITR after the original due date, taxpayers must generally opt for the "New Tax Regime".
No late fees apply if the Gross Total Income is up to ₹3 lakhs in New Tax Regime (or ₹2.5 lakhs for the Old Tax Regime, if applicable).
Impact of Filing a Belated ITR
TDS Refund
Yes, TDS refund allowed after the due date even when filing a Belated ITR, provided there is no tax liability.
Loss Carry Forward
Most losses, including business loss, short-term and long-term capital loss, intraday loss, future & option (F&O) loss or income from other sources loss, are not carried forward in subsequent years if the ITR is filed after the due date.
House Property Loss and Unabsorbed Depreciation
Yes, this two types of losses can still be carried forward or set off even you file Belated ITR.
Belated ITR With Late Fees and Interest
If the Gross Total Income exceeds ₹3 lakhs, late fees will apply.
- If your Gross Total Income is between ₹3 lakhs and ₹5 lakhs then ₹1,000 applies.
- If Gross Total Income is more than ₹5 lakhs than ₹5,000 will be applicable.
In addition to late fees, interest under Section 234A is also applicable for Belated ITRs.
This interest is calculated at a rate of 1% per month or part of the month on the outstanding tax payable (i.e., Tax payable - TDS - Advance Tax).
Benefits of Filing a Belated ITR
Filing a Belated ITR is mandatory if income exceeds the prescribed limit.
It helps in avoiding potential notices from the Income Tax department for non-compliance.
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