Missed ITR Deadline for FY 2023-24? Don’t worry—you still have time to take corrective action. In this blog from Unlock Digi Service, we explain the penalties, how to file a belated return, and what steps you must take before December 31, 2025 , if you missed ITR deadline.
Missing your ITR deadline can feel overwhelming, but knowing what to expect can make the process much easier. Whether it’s understanding penalties, filing a belated return, or preventing future delays, taking timely action is essential. This guide from Unlock Digi Service will help you navigate your next steps confidently—even after a missed ITR deadline.
What Is the ITR Deadline?
For most salaried individuals and non-audit cases, the ITR filing deadline for the financial year (FY) 2023-24 / assessment year (AY) 2024-25 was 31st July 2024. This official ITR deadline is set by the Income Tax Department of India and varies depending on your taxpayer category.
Missed ITR Deadline? What You Can Do Next
If you didn’t file your return on or before the ITR deadline, you can still file a belated ITR under Section 139(4) of the Income Tax Act. However, this must be done before 31st December 2024, unless the government extends the deadline.
For more details on filing, you can read Government source or trusted financial portal like ClearTax or the IT Act.
Consequences of Missing the ITR Deadline
Here’s what happens if you fail to file your return on time:
1. Late Filing Fee (Section 234F)
- ₹1,000 if your total income is below ₹5 lakh.
- ₹5,000 if your total income is above ₹5 lakh.
This fee must be paid while filing the belated return after the ITR deadline.
2. Interest on Tax Due (Section 234A)
If you owe tax and haven’t paid it before the ITR deadline, interest at 1% per month (or part thereof) will be charged until the tax is paid.
3. Loss Carry-Forward Restriction
If you file after the ITR filing deadline, you cannot carry forward losses (except loss from house property). This is crucial for businesses and investors looking to offset capital gains or business losses in future years.
4. Refund Delay
Filing after the missed ITR deadline could lead to processing delays and extended wait time for your refund. Missed ITR deadline often causes delays in refunds, especially when the return requires manual processing or validation
5. Risk of Notice from Income Tax Department
Frequent defaulters or those with large tax liabilities may receive a notice under Section 142(1) or Section 148, which could lead to scrutiny or assessment.
What Is a Belated Return?
A belated return is an ITR filed after the original deadline under Section 139(4). It can be filed until 31st December of the relevant assessment year. However, a belated return cannot be revised after the due date, and late filing fees are applicable.
How to File a Belated ITR
- Visit the Income Tax e-Filing Portal: Income Tax e-Filing Portal
- Login/Register using your PAN and password.
- Select “File Income Tax Return”.
- Choose the Assessment Year 2024–25 if you are filing for FY 2023–24, and select the reason for the delay.
- Complete the ITR form, compute tax, pay late fees, and submit.
Need help? Connect with Unlock Digi Service for expert ITR filing support.
Can the ITR Deadline Be Extended?
Sometimes, the government extends the ITR due date due to technical issues or public demand. However, you should not rely on extensions, as they are not guaranteed. Always try to file early to avoid last-minute stress.
How to Avoid Missing the ITR Deadline
- Set calendar reminders around mid-June.
- Collect all documents (Form 16, investment proofs, AIS, TIS) early.
- Use a professional tax consultant like Unlock Digi Service.
- File even if you don’t have taxable income (to keep your financial records clean).
Final Thoughts
While a missed ITR deadline is not the end of the road, repeated delays can lead to compliance issues, penalties, and refund hold-ups. Filing a belated return is your best option—but it’s crucial to do it before 31st December 2025. Avoid penalties, stay compliant, and make your tax life stress-free with Unlock Digi Service.
Contact Unlock Digi Service today for affordable, expert ITR filing, belated return help, and tax consultation.
