Missed tax return deadline? There is a belated way to make up for lost time

Submitting a late return helps you stay compliant with tax regulations and avoid legal issues

Income-Tax Returns (ITRs) for the assessment year 2024–25 had to be filed by July 31, 2024. If you missed the deadline, the Income-Tax (I-T) Act allows you to file a belated ITR.

“If, for any reason, you missed filing your ITR by the due date, you may still file a belated ITR up to three months before the end of the assessment year or before the end of the assessment, whichever is earlier,” says S. R. Patnaik, partner (head-taxation), Cyril Amarchand Mangaldas.

A belated ITR for FY24 may be filed by December 31.

Stay compliant

Submitting a