File ITR by December 31 on payment of late fees:Income Tax Department will send notice impose penalty on those liable to file taxes but failed to do so

Those who have not yet filed your Income Tax Return (ITR) for financial year 2024-25, they can file it with late fees until December 31, 2025. They have less than 1 month remaining. After this, they won’t be able to file returns, which may result in notices, penalties and other legal complications. If you file a belated income tax return for income less than ₹5 lakh, you will have to pay a late fee of ₹1,000. For income of ₹5 lakh or more, you will need to pay a late fee of ₹5,000. The last date to file ITR without any late fees for financial year 2024-25 was September 16. What is a Belated Tax Return?
If you file your Income Tax Return (ITR) after the normal due date (i.e. July 31 or August 31 or September 16 whichever is applicable), it is called a belated return. In simple terms, if you didn’t file ITR on time and filed it later, it is called a belated return. If you file ITR after December 31, your refund (tax to be returned) will not be claimed, no matter how much refund is due, it will go to the government. Chartered Accountant (CA) Anand Jain shares return filing process in 4 easy steps … 1. Keep all documents ready 2. Choose the correct ITR form 3. Online ITR Filing 4. ITR Verification Avoid providing incorrect information in returns
Many taxpayers try to save tax by providing wrong deduction information like LIC, mediclaim, house loan interest and donations. But Income Tax Department now analyses return data through AI. Providing incorrect information can lead to notices. Therefore, while filing returns, always consult a Chartered Accountant (CA) or tax expert.