Sorry, there was a mistake actually 80c can be claimed under belated returns also... Actually there was a misunderstanding there.. you can claim deduction 80C but certain deductions are not allowed which are 80IC, ID, IE, 10A etc...

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Any other opinion...??? from others...??

Chapter VI-A deductions can be avail if belated ITR... No issues...

sabyasachi mukherjee

27940 Points Joined May 2017

Pls post details

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Pls read above

sabyasachi mukherjee

27940 Points Joined May 2017

Fig for chapter v1

Ram Avtar Singh

Nagari Sultanpur U.P.Delhi

15155 Points Joined March 2007

The following are the disadvantages of filing a belated return:

Interest may be applicable under sections 234A, 234B and 234C.
A late fee will be levied under Section 234F while filing a belated return:
- Gross total income is up to Rs 2.5 lakh: No Penalty
- Gross total income is Rs 2.5 lakh – Rs 5 lakh: Rs 1,000 fee
- Gross Total income more than Rs 5 lakh: Rs 5,000 fee
If you file a loss return after the due date, many losses, like business and capital losses, cannot be carried forward for set off in the subsequent years. However, an exception is available for losses from house property that can be carried forward even if you file your returns late.
Deductions/ Exemptions Disallowed: Deductions/ exemptions u/s 10A, 10B, 80-IA, 80-IB, 80-IC, 80-ID and 80-IE shall not be available if you delay ITR filing. These tax-saving benefits are allowed only if the ITR is filed before the original deadline.