Suppose you’ve not been able to file your income tax return before the prescribed due date u/s 139(1) , you can still file a belated return of income tax after the due date as well.
But, be double sure that your information are correct in all respect, because,
1. benefit of revising the original return not available to Belated return u/s 139(4).
2. If a belated return is filed after the income tax due date, the taxpayer would be liable to pay the tax along with Interest @ 1% per month (simple interest) under Section 234A.
3. In case no tax is payable, the taxpayer won’t be liable to pay any interest for filing belated return of income tax after due date but before the end of the relevant assessment year.
But, be double sure that your information are correct in all respect, because,
1. benefit of revising the original return not available to Belated return u/s 139(4).
2. If a belated return is filed after the income tax due date, the taxpayer would be liable to pay the tax along with Interest @ 1% per month (simple interest) under Section 234A.
3. In case no tax is payable, the taxpayer won’t be liable to pay any interest for filing belated return of income tax after due date but before the end of the relevant assessment year.
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