File ITR for FY 2024-25: Updated Return Guide

This query is : Resolved

Quick Summary

If you've missed the deadline to file your Income Tax Return (ITR) for FY 2024-25, you can still submit an Updated Return (ITR-U) under Section 139(8A). This is possible as long as there's additional tax payable, which is likely given your commission income. Be aware that filing an ITR-U after the standard and belated deadlines involves paying the remaining tax, interest, a late filing fee of £5,000, and a 25% penalty on the outstanding tax and interest.

Shampa Mandal

Shampa Mandal (Querist)

16 August 2026 I have missed to file ITR for FY 2024-2025
I have received commission Rs. 790000 and 2℅ tds deducted.
Can iI file ITR now

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

16 August 2026 Yes, you can still file your return for FY 2024-25, but you will have to file an Updated Return (ITR-U) under Section 139(8A). The standard and belated deadlines (July 31, 2025, and Dec 31, 2025) have already expired.

Please note that an ITR-U can only be filed if there is an additional tax payable; it cannot be used merely to claim a refund of your Rs. 15,800 TDS. Given your commission income of Rs. 7,90,000, your tax liability will likely exceed the TDS deducted, making you eligible to file. Because you are filing within 12 months from the end of the Assessment Year, you will have to pay the remaining tax balance, applicable interest, a late filing fee of Rs. 5,000 (u/s 234F), and an additional tax penalty of 25% on the total outstanding tax and interest.

Shampa Mandal

Shampa Mandal (Querist)

19 August 2026 My commission is Ra. 790000 but after Deducting exp income is Rs. 450000
How much tax and penalty I have to payw

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