Thursday, 12 November 2026 IPO data updated 5 minutes ago

Missed the ITR Deadline? Here's What You Need to Know About Filing a Belated Return

Missed the ITR Deadline? Here's What You Need to Know About Filing a Belated Return

Taxpayers who missed the Income Tax Return (ITR) filing deadline for Assessment Year (AY) 2026-27 still have an opportunity to file a belated return until December 31, 2026. While this ensures taxpayers remain compliant, filing after the due date comes with certain consequences, including late filing fees, interest on unpaid taxes, and the loss of some tax benefits.

A belated return can be filed through the Income Tax Department's e-filing portal by selecting the appropriate option and completing the verification process. Tax experts advise taxpayers not to delay further, as filing early can help avoid additional interest, penalties, and complications in processing refunds or tax assessments.

🔑 Key Highlights

  • 📅 Belated ITR can be filed till December 31, 2026.
  • 💸 Late filing may attract a penalty of up to ₹5,000.
  • 📈 Interest may apply on unpaid tax dues.
  • ❌ Some tax benefits, including carrying forward certain losses, may be lost.
  • 💻 Filing can be done online through the Income Tax e-filing portal.
This news is for information only and is not investment advice. Please do your own research before making investment decisions.