Important Reminder – Due Date for Filing Belated / Revised Income Tax Return for FY 2024–25
This is a gentle reminder regarding the due date for filing Belated and Revised Income Tax Returns for the Financial Year 2024–25 (Assessment Year 2025–26).
📌Due Date
The last date for filing a Belated Return or a Revised Return for FY 2024–25 is 31st December 2025.
📌Key Points for Your Attention
- If the original Income Tax Return was not filed within the prescribed due date, it can be filed as a Belated Return.
- If the original return has already been filed and any correction or modification is required, the same can be done by filing a Revised Return.
- Both belated and revised returns must be filed on or before 31st December 2025.
After this date, filing of returns for FY 2024–25 will not be permitted under the Income-tax Act.
📌Consequences of Belated Filing
- Late filing fee under Section 234F:
- ₹1,000 where total income does not exceed ₹5,00,000
- ₹5,000 where total income exceeds ₹5,00,000
- Interest may be applicable under Sections 234A, 234B, and 234C, wherever relevant.
- Carry forward of losses (if any) will not be allowed if the return is filed belatedly.
📌Filing After 31st December 2025 – Updated Return
In case the belated or revised return is not filed on or before 31st December 2025, and there is taxable income, tax payable, or for any other reason the return is required to be filed thereafter, the same can only be done by filing an Updated Return under the provisions of the Income-tax Act.
Please note that filing an Updated Return involves additional tax liability of 25% of the tax due, along with applicable interest calculated on a monthly basis, resulting in a higher overall cost.
📌Immediate action to be taken
If there are any belated or revised returns pending for FY 2024–25, we kindly request you to ensure that the same are filed on or before 31st December 2025, to remain compliant and avoid additional tax costs and inconvenience.
Should you require any clarification or assistance in this regard, please feel free to reach out to us. We will be happy to support you.