Missed the ITR Deadline? Late Fee, Belated and Revised Return Explained

What happens if you file late

• Late fee under section 234F: up to ₹5,000 (₹1,000 if total income is up to ₹5 lakh)
• Interest under 234A at 1% per month on unpaid tax
• Loss carry-forward may be restricted

Options

1. Belated return: usually allowed until 31 December of the assessment year.
2. Revised return: correct mistakes within the permitted time.
3. Updated return (ITR-U): available within a longer period with additional tax.

For AY 2026-27 the CBDT extended the audit-case ITR date to 21 November 2026 (Circular 07/2026). Check the ITR due date page.

If you have missed a return, ask our team to assess the cleanest route.

General information only; not professional advice. Rates, limits and due dates change. Verify with official sources or consult a professional. Reviewed October 2026. See our editorial policy.