LAST CHANCE TO FILE YOUR ITR FOR AY 2025-26 – SECTION 139(4) BELATED RETURN

LAST CHANCE TO FILE YOUR ITR FOR AY 2025-26 – SECTION 139(4) BELATED RETURN

If you missed the original ITR filing deadline for Assessment Year 2025-26, don’t worry! You still have one final chance to file your Income Tax Return under Section 139(4), also known as a Belated Return.

Key Points for Belated ITR Filing:

• ·       Deadline: You can file your belated ITR on or before 31st December 2025.
• ·       Late Filing Fee (Section 234F):
• 1.    5,000 if total income exceeds 5 lakh.
• 2.    1,000 if total income is 5 lakh or less.
• ·       Interest Liability: Interest may apply under Sections 234A, 234B, and 234C.
• ·       Loss Carry Forward: Certain losses (except house property losses) cannot be carried forward in belated returns.
• ·       Revision Option: Belated returns can be revised under Section 139(5) before the deadline.

Filing your ITR on time helps you avoid penalties, legal issues, and delays in refunds.

Tip from ActiveTaxPro: Even if you missed the original deadline, filing a belated return before 31st December 2025 ensures compliance and peace of mind.

Contact ActiveTaxPro Advisory today to file your ITR quickly and accurately!