Income Tax · 6 min read
Missed the ITR Deadline? Belated Return, Late Fee (234F) & Interest
By the India Law Simplified editorial team · Verified against primary government sources (bare Acts & official portals) · Last updated 2026-07-13
If you miss the income tax return due date, you can usually still file a belated return — but with a late fee and some lost benefits. Here is exactly what applies for AY 2026-27.
1You can still file a belated return
Under Section 139(4), a belated return for AY 2026-27 can generally be filed up to 31 December 2026 (or before the assessment is completed, whichever is earlier). Don't wait — filing late costs more the longer you delay, and after this window you may need a condonation request.
2The late fee under Section 234F
A late-filing fee of ₹5,000 applies for returns filed after the due date. It is reduced to ₹1,000 if your total income does not exceed ₹5 lakh. If your income is below the basic exemption limit, the fee generally does not apply.
3Interest under Section 234A (and 234B/234C)
If you have unpaid tax, interest under Section 234A runs at 1% per month (or part of a month) on the outstanding amount from the due date until you file. Separate interest under 234B/234C can apply for shortfalls in advance tax. Paying earlier reduces the interest.
4What you lose by filing late
You generally cannot carry forward most losses (e.g. capital losses, business losses) if you file after the due date — house-property loss is an exception. A belated return can still be revised if you spot an error, but plan to avoid the late fee next year by filing on time.
Frequently asked questions
Can I still file ITR after 31 July?
Yes, a belated return under Section 139(4) is usually allowed up to 31 December of the assessment year, with a late fee and any applicable interest.
How much is the late fee for filing ITR late?
Up to ₹5,000 under Section 234F, reduced to ₹1,000 if total income is up to ₹5 lakh. Verify the current figures, as they can change.
Is this tax advice?
No. Late-filing consequences depend on your tax due and income. Confirm with a CA, especially if you have losses to carry forward.
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India Law Simplified is an AI-assisted research & drafting tool, not a substitute for a licensed advocate or CA. Verify all figures and steps with a professional before acting. Statutory limits and fees change with each Finance Act / notification.