Can we file it return after due date?

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Consequences of missing the deadline After the deadline, you will usually receive a reminder with a new submission date. If you still do not submit, fines and penalties may be imposed.

What happens if we file a return after the due date?

If I fail to furnish my return within the due date, will I be fined or penalized? ​​​As per section 234F, late filing fees of Rs. 5,000 shall be payable if return furnished after due date specified under section 139(1).

Can you file a tax return after the due date?

You might have to pay IRS penalties and interest if you file your federal income tax return after the April deadline, your due date isn't extended, and you end up with a tax bill. First, the IRS charges a 5% penalty per month on any tax due if your return is filed late. The penalty is capped at 25% of the tax owed.

Can I file returns after the deadline?

What is the penalty for late filing and late payment of income tax for individuals? The penalty for late filing for individuals is 5% of the tax due or Ksh. 2000 whichever is higher. The late payment penalty is 5% of the tax due and also late payment attracts an interest of 1% per month.

Can you file an ITR after a deadline?

You can file a belated ITR up to three months before the end of the assessment year. For example, if you miss the July 31, 2023, deadline, you can still file your ITR using a belated ITR until December 2023. However, be aware that taxpayers face a penalty for missing the original deadline under Section 234F.

How Income Tax Return can be filed after due date and how can be saved from Penalty ?

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What happens if ITR is filed late?

Penalty for Late Filing of ITR for FY 2024-25 (AY 2025-26) The last date to file your Income Tax Return (ITR) for Financial Year 2024–25 (Assessment Year 2025–26) is 16 September 2025. If you miss this deadline, a late filing fee of Rs. 5,000 will apply.

Can I extend my tax return deadline?

Can I get a tax deadline extension? Etax can usually get you an extension of your tax deadline, often to 15 May the next year, IF you meet these conditions: You used Etax before the tax deadline of 31 Oct and Etax is your tax agent. You don't have a tax debt with the ATO.

What happens if I do a late tax return?

In addition to a fine, the ATO can also apply General Interest Charges (GIC), on any amount still owing. Note: The rate for GIC changes quarterly. At the time of writing this article, the rate is 10.61% per annum (October – December 2025).

What happens if I miss the return deadline?

Failure-to-file penalty: for individual taxpayers, this penalty is 5% of your unpaid taxes for each month (or partial month) that your taxes stay unpaid, capping off at 25% of the total balance due. (WSJ) Failure-to-pay penalty: 0.5% of the unpaid balance each month up to 25% of the total balance due. (WSJ)

How to pay late tax return penalty?

Pay a Self Assessment penalty

  1. Overview.
  2. Direct Debit.
  3. Approve a payment through your online bank account.
  4. Make a bank transfer.
  5. By debit or corporate credit card online.
  6. At your bank or building society.
  7. By cheque through the post.
  8. Check your payment has been received.

How late can I submit a tax return?

"If you miss the 31 October deadline and you don't have a registered tax agent, you risk penalties that start at $330 and increase the longer you delay," Mr Chapman said.

What happens after the Oct 15 tax deadline?

If you miss the October extended tax filing deadline, you'll have failure-to-file penalties and, potentially, failure-to-pay penalties if you still owe taxes. To minimize penalties, file your return immediately, pay as much as you can, explore IRS payment plans, and check if you qualify for penalty relief.

Does NRI need to file ITR in India?

As an NRI, PIO, or OCI, you may be required to file tax returns in India if your Indian income surpasses the specified threshold or if you seek to claim refunds for excess tax deductions. While filing an ITR is mandatory only under certain circumstances, voluntary filing can be beneficial in many ways.

How to file a late return?

Step-by-step guide to filing ITR after the due date

  1. Step 1: Collect all necessary documents: ...
  2. Step 2: Navigate to income tax e-filing portal: ...
  3. Step 3: Enter required details: ...
  4. Step 4: Fill in the required information: ...
  5. Step 5: Compute tax and pay dues: ...
  6. Step 6: Submit your ITR form. ...
  7. Step 7: E-verify your return:

Can we verify return after due date?

E-verification of ITR is to be done within 30 days of filing an ITR. Missing this deadline can make your ITR invalid. However, if you missed e-verifying due to a genuine reason, the ITD allows you to submit a request for condonation to complete the e-verification.

What are the disadvantages of filing a belated return?

Limitations of a Belated Return

If you miss the ITR due date and file a belated return, you may face the following consequences: Interest: The Income Tax Department may charge interest under Sections 234A, 234B, and 234C. Late fee: A late fee applies under Section 234F: Income up to ₹5 lakh: ₹1,000.

What happens if I send a return late?

Interest will be charged on late payments after this date. If HMRC have asked you to complete a tax return for 2023/24, and you miss the deadline, you'll automatically be fined regardless of how small your tax liability is. A penalty will also apply if you are due a refund.

What are common reasons for late filing?

Sheer laziness is a common reason for late or non-filing, and a simple assessment of human nature makes it quite clear why. Unlike car payments or utilities (which trigger immediate consequences for falling behind), there are few if any explicit reminders to pay your income taxes.

What is the last date for a tax return in 2025?

If all outstanding prior year returns have been lodged by 31 October 2025, the lodgment program due dates will apply to the 2025 tax return. SMSFs in this category must lodge their complete Self-managed superannuation fund annual return by this date.

Can I file an extension after April 15?

If you can't file by April 15, you have an automatic six-month extension to file your return until October 15. You don't have to file a written request to receive the extension because it's paperless. However, the extension to file does not mean an extension to pay.

What is the last date for return file 2025?

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October, 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of ...

Can I extend my filing deadline?

How to ask Companies House to extend your filing deadline. By far the most straightforward way to request a filing extension for your annual accounts to Companies House is to apply online.

Can a NRI file belated return?

Yes, NRIs can file a belated return if the original deadline is missed. For FY 2024-25, the belated return window remains open until 31 December 2025. However, late fees under Section 234F and interest under Section 234A will apply.