Q: How to revise income tax returns before the due date?

If the taxpayer wants to revise the original return filed, the same can be done using the revised return under Section 139(5). The revised return can be filed as per the standard procedure followed for original return filing. However, the taxpayer has to submit the ITR under Section 139(5). The entire process of e-verification needs to be completed while revising the return.

Question 1

How to pay income tax after the due date?

Accepted Answer

If you have missed paying taxes and filing your return within the due date, you will still be allowed to do so post the due date. However, a late filing penalty and interest will be levied while filing ITR. A penalty of Rs.5,000 is charged for the delay in filing of return. If the total income of the person is less than Rs.5 lakh, then the fee payable is Rs 1,000.

Question 2

What section under the Income Tax Act allows an individual to file ITR after the due date?

Accepted Answer

Section 139(4) allows for the filing of a belated return, i.e., a return after the due date. A penalty of up to Rs.5,000 is charged for the delay in filing of return.

Question 3

What is the due date for filing an income tax return?

Accepted Answer

Usually, the due date to file an income tax return is 31st July for individuals and non-audit cases, and 31st October for audit cases of the relevant assessment year. You can seamlessly e-file your income tax return with Cleartax in under 3 minutes.

Question 4

How to revise income tax returns before the due date?

Accepted Answer

If the taxpayer wants to revise the original return after the due date, the same can be done using the revised return u/s 139(5). You can file a belated return on or before 31st December of the assessment year. Taxpayers cannot file any return once this date is passed.

However, if the return was missed due to an extreme situation, you can lodge a request to your A.O. seeking permission to file past returns under Section 119.

Question 5

How to revise income tax returns after the due date?

Accepted Answer

If the taxpayer wants to revise the original return after the due date, the same can be done using the revised return u/s 139(5). You can file a belated return on or before 31st December of the assessment year. Taxpayers cannot file any return once this date is passed.

However, if the return was missed due to an extreme situation, you can lodge a request to your A.O. seeking permission to file past returns under Section 119.

Question 6

What happens if the income tax return is not filed before the due date?

Accepted Answer

If you fail to file an income tax return within the due date, a belated return can be filed. However, a penalty of up to Rs.5,000 for late filing will be charged for filing belated returns. If the total income of the person is less than Rs.5 lakh, then the fee payable is Rs.1,000.

Question 7

What is the due date of return filing for Trusts?

Accepted Answer

The due date of return filing for trusts for FY 2024-25, whose accounts are not required to be audited is 31st July 2025. If the accounts of the trust are required to be audited, the due date to file ITR will be 31st October 2025.
Suppose the trust is required to furnish a report in Form No. 3CEB u/s section 92E, the due date to file ITR will be 30th November 2025.

Question 8

What is the due date of return filing for Companies?

Accepted Answer

The due date for the return filing of domestic companies for FY 2024-25 is 31st October 2025. However, if the company is having any international transaction or specified domestic transaction and is required to furnish a report in Form No. 3CEB u/s section 92E, the due date to file ITR will be 30th November 2025.

Question 9

What is the last date to file ITR?

Accepted Answer

The last date to file ITR for individuals is 31st July of the relevant assessment year and 31st October for taxpayers whose accounts are subject to audit.

Question 10

What is an income tax audit?

Accepted Answer

It is the examination and inspection of an entity’s books of accounts to ensure compliance with the Income Tax Act, 1961. Only certain types of assesses need to get their tax audit done by a CA or a firm of CAs.

Question 11

What can be done if the 31st December due date return is also missed?

Accepted Answer

An updated return can be filed within 4 years from the end of the relevant Assessment year, if 31st December due date is also missed

Question 12

Will the refund be delayed for filing the return after the due date?

Accepted Answer

Yes, if the return is filed after the deadline, then the refund credited to the assessee’s bank account might also be delayed.

Question 13

Will there be any penalty for filing the return if the income falls below the taxable limit?

Accepted Answer

No penalty or interest is levied for filing income tax return after the due date if the income is below the taxable limit.

Question 14

Whether the penalty and interest both are imposed for late filing of Income Tax Return?

Accepted Answer

For Taxable Income up to Rs. 5,00,000, penalty may be applied up to Rs.1,000. Penalty of  Rs. 5,000 for taxable income exceeding Rs.5,00,000.  Further interest is charged at the rate of 1% per month on the unpaid amount of tax, if any.

Question 15

What is the earliest date to file Income Tax Return?

Accepted Answer

The earliest date to file Income Tax Return in 1st April of the Assessment Year. For instance, the earliest date to file Income Tax Return for AY 2025-26 is 1st April 2025.

Question 16

Can i file my ITR  later if i miss the due date?

Accepted Answer

ITR can be filed after the due date but such ITR should be filed before 31st December. This ITR will be considered Belated Return and a late filing fee will be levied along with interest.

Question 17

Can I file Income Tax Return after 31st December?

Accepted Answer

Yes, you can file income tax return after 31st December using ITR-U. However, you will be required to pay penalty of upto Rs. 5,000 and additional tax will be levied at 25% or 50% of the tax and interest due depending on whether the ITR-U is filed within 12 or 24 months from the end of the relevant assessment year.

Category of Taxpayer	Due Date for Tax Filing - FY 2024-25 *(unless extended)
Individual / HUF/ AOP/ BOI (books of accounts not required to be audited)	31st July 2025
Businesses (Requiring Audit)	31st October 2025
Businesses requiring transfer pricing reports (in case of international/specified domestic transactions)	30th November 2025
Revised return	31st December 2025
Belated/late return	31st December 2025
Updated return	31 March 2030 (4 years from the end of the relevant Assessment Year)

Due date	Nature of compliance	Tax to be paid
15th June 2024	First instalment	15% of tax liability
15th September 2024	Second instalment	45% of tax liability
15th December 2024	Third Instalment	75% of tax liability
15th March 2025	Fourth instalment	100% of tax liability
15th March 2025	Presumptive scheme	100% of tax liability

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Mohammed S Chokhawala