New order issued to extend ITR filing date, returns can be filed till December 31, know full details here

The last day to file Income Tax Return (ITR) for FY2021-22 was July 31, 2022. However, if you have missed this deadline, you can still file your ITR. Income tax returns filed now will be called belated ITR. If you are filing your ITR now (Belated ITR), you will have to pay late filing fee.

Late filing fee/penalty is levied for belated ITR filing under section 234F of the Income Tax Act, 1961. However, as a relief to small taxpayers, the late filing fee will not exceed Rs 1,000 if the total income does not exceed Rs 5 lakh.

Late ITR filing date December 31


It is important to note that the last date for filing belated ITR is December 31, 2022. Thus, a person can file belated ITR any time between August 1, 2022 and December 31, 2022. But the fine has to be paid. However, if a person misses even this deadline, he will not be able to file ITR unless the Income Tax Department sends a tax notice.

How to pay for late filing?
Before filing belated ITR, you should find out how much late fee has been imposed on you. Pay the fee first. Late fee/penalty for late ITR filing is payable using Challan No. 280. The payment can be made online on the website of NSDL or by visiting the bank branch.

Late filing fee for filing belated ITR is effective from FY 2017-18. As per law, the penalty/late filing fee will be looked into in two ways. A penalty of Rs 5,000 will be applicable if a person has filed ITR after the deadline for filing ITR, i.e. after July 31. However, if belated ITR is filed between January 1 and March 31, then a penalty of Rs 10,000 will be applicable.

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