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Home / Finance / Taxes / How to File Income Tax Return Online After Due Date?
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How to File Income Tax Return Online After Due Date?

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0 2024-07-31T11:19:08+00:00

Wondering

how to file income tax return online after due date

. Filing an Income Tax Return (ITR) after the due date in India is still possible, though it may attract penalties and interest. 

How to File ITR Online after Due Date?

Here's a step-by-step guide to help you with filing ITR after due date:

  • Before starting the filing process, ensure you have the following documents ready:

  1. PAN Card

  2. Aadhaar Card

  3. Bank Account Details

  4. Form 16 (if applicable)

  5. Details of other income (interest, rental income, etc.)

  6. Investment proofs for deductions (if applicable)

  7. TDS Certificates

  8. Previous year's tax return (if available)

  • Go to

    https://www.incometax.gov.in/iec/foportal/

    . Enter your User ID (PAN), password, and Captcha code to log in. Click on the “e-File” menu and select “Income Tax Return.”

  • Choose the relevant Assessment Year (for the financial year for which you are filing the return). Select “Filing of Income Tax Return” and then choose the appropriate ITR form based on your income source (e.g., ITR-1 for salaried individuals).

  • Some details may be pre-filled based on your PAN and previous filings. Verify and update these details as necessary. Provide details of your income from salary, house property, capital gains, and other sources.

  • Enter deductions under various sections like 80C, 80D, etc., if applicable. The system will automatically calculate the tax payable or refundable based on the details provided.

  • Carefully review all the entered details to ensure accuracy. If there is any tax payable, you need to pay it. Generate a challan (ITNS 280) and make the payment. Enter the challan details in the ITR form.

  • Click on “Preview and Submit” to file the return. You may need to e-verify the return using methods like Aadhaar OTP, net banking, or by sending a signed ITR-V to the CPC, Bangalore.

A late filing fee under Section 234F will be levied:

  1. Rs. 5,000 if filed after the due date but before December 31.

  2. Rs. 10,000 if filed after December 31.

  3. For individuals with income up to ₹5 lakhs, the maximum penalty is Rs. 1,000.

Interest under Section 234A, 234B, and 234C may be applicable for late filing and late payment of taxes.

Complete the e-verification process within 120 days of filing the return. After successful submission and verification, an acknowledgment (ITR-V) will be generated. Download and save it for your records.

I hope this answers your query, can ITR be filed after due date.

By following these steps, you can successfully file your Income Tax Return online even after the due date. It's crucial to comply with the procedures to avoid further penalties and ensure that your tax records are up to date.

This is

how to file income tax return online after due date

.

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0 2024-04-19T08:05:52+00:00

Wondering

how to file income tax return online after due date

? Let me tell you. Filing an Income Tax Return (ITR) after the due date, which is typically July 31st of the assessment year (for most individuals), is considered a belated return. However, you can still file your ITR online through the Income Tax Department's e-filing portal.

How to File Income Tax Return After Due Date?

Here's how you can do it:

  • Go to the official website of the Income Tax Department of India at

    https://www.incometax.gov.in/iec/foportal/

  • If you have already registered on the portal, log in using your credentials. If not, you need to register first to create an account.

  • Once logged in, go to the 'e-File' tab on the dashboard.

  • Under the 'Income Tax Return' section, choose the relevant assessment year for which you want to file the belated return.

  • Select the appropriate ITR form based on your income sources and residential status.

  • Fill in the required details in the ITR form accurately. Ensure that all income, deductions, and tax payments are correctly reported.

  • After filling in all the details, click on the 'Submit' button to submit the belated return.

  • After submission, you need to verify your ITR. You can do this electronically using Aadhaar OTP, net banking, or by generating an Electronic Verification Code (EVC).

  • Once the verification is done, you will receive an acknowledgment of the successfully filed return. This acknowledgment, also known as ITR-V, will be sent to your registered email address.

  • If you have not e-verified your return using Aadhaar OTP or net banking, you need to physically sign the ITR-V and mail it to the Centralized Processing Centre (CPC) in Bengaluru within 120 days of e-filing.

  • After successful verification, the Income Tax Department will process your belated return. Depending on the complexity of your return and other factors, it may take some time to process.

This is how to file income tax return online after due date

.

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