Published Dec 30, 2024 at 2:08 PM IST
Income Tax Return: How to File Belated ITR and Avoid Penalty & Scrutiny Before December 31
If you missed the original Income Tax Return (ITR) filing deadline, don't worry—you still have a chance to file your belated ITR before December 31, 2024. However, this opportunity comes with a penalty! Taxpayers with income over ₹5 lakh could face a fine of ₹5,000, while those earning ₹5 lakh or less will be charged ₹1,000. In this video, we’ll guide you through the process of filing your belated ITR, the penalties you could face if you miss the deadline, and how to avoid additional fines or tax department scrutiny.