Respected Tax Experts,
How to file ITR by March 2026, if I not able to file belated returns by December 2025 for AY 25-26
Hi @deepan_kumar ,
You would be required to furnish an Updated Return in that case which would involve payment of additional tax of 25% in addition to normal tax, interest, late fees, etc.
Thanks,
Pulkit
Thank you very much sir for your expert advice.
so my understanding is, ican file updated ITR , 3 months after missed deadline of belated returns date dec 31,without major legal actions or major issues except for 25% penalty and additional fees by online itself
Yes, in general circumstances it should be the case, however, you might receive certain SMS/emails from department asking you to file the ITR by 31st December 2025 and avoid additional tax payment.
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Thank you very much sir for clear and easily understandable expert advice. Gives me peace of mind:folded_hands: