Avoid Penalties and Stay Tax Compliant!
File Your Belated, Defective, or Revised ITR
Did you miss the July 31st deadline for filing your Income Tax Return (ITR)? Don’t worry! Under Section 139(4) of the Income Tax Act, you can still file a belated ITR before 31st December 2024. Stay compliant, avoid penalties, and secure your tax refunds with eTaxMentor.
Choose Your Return Type
Belated ITR Filing
Missed the ITR Deadline? File Your Belated Return Now!
A Belated Return allows taxpayers who missed the original filing deadline to file under Section 139(4) before the final date of 31st December 2024. This is your second chance to avoid penalties and claim refunds.
Who Can File a Belated Return?
- Salaried employees who missed the 31st July deadline.
- Freelancers or self-employed professionals.
- Businesses and companies.
- NRIs with taxable income in India.
- Taxpayers looking to claim tax refunds or clear unpaid taxes.
Tax Calculation – Old Regime vs New Regime:
Old Regime
- Includes deductions:
- Standard Deduction: ₹50,000
- Section 80C (Investments): ₹1.5 lakh
- Section 80D (Health Insurance) and HRA.
New Regime
- Simplified slabs with no deductions:
| Income Slab | Tax Rate |
|---|---|
| ₹3,00,001 – ₹6,00,000 | 5% |
| ₹6,00,001 – ₹9,00,000 | 10% |
| ₹9,00,001 – ₹12,00,000 | 15% |
Defective ITR Filing
Received a Defective Return Notice? Fix It Now!
A return is marked Defective under Section 139(9) if there are errors or missing details. You must respond within 15 days of receiving the notice to correct the issues and resubmit your return.
Who Can File a Defective Return?
- Taxpayers with missing income details.
- Salaried individuals with TDS mismatches.
- Freelancers or businesses with incorrect tax deductions.
- NRIs or others who received a defective return notice.
Tax Calculation – Old Regime vs New Regime:
Old Regime
- Fix and apply deductions:
- Section 80C (Investments), HRA, 80D.
New Regime
- Simplified slabs with no deductions.
Revised ITR Filing
Made a Mistake in Your ITR? Revise It Today!
A Revised Return under Section 139(5) allows you to correct any mistakes in your original ITR, including errors in income, deductions, or exemptions. The deadline to revise for FY 2023-24 is 31st December 2024.
Who Can File a Revised Return?
- Taxpayers who made errors in income or deductions.
- Businesses needing to revise exemptions.
- Salaried individuals updating TDS details.
- NRIs who missed reporting incomes.
Tax Calculation – Old Regime vs New Regime:
Old Regime
- Update taxable income after missed deductions.
New Regime
- Simplified tax slabs without deductions.
Comparison: Old vs New Regime
| Aspect | Old Regime | New Regime |
|---|---|---|
| Tax Slabs | Higher tax rates | Lower tax rates |
| Deductions/Exemptions | Available (80C, 80D, etc.) | Not Applicable |
| Best For | Taxpayers with investments | Taxpayers with no investments |
| Simplicity | Complex calculations | Simple, fewer calculations |
Why Choose Us
Why Choose eTaxMentor?
A belated return allows you to file your Income Tax Return after the original due date. However, it must be filed before 31st December 2024 for FY 2023-24. Filing a belated ITR may incur penalties, but it helps you avoid further complications and legal notices.
- Hassle-free filing for Belated, Defective, and Revised ITRs.
- Maximize refunds with expert guidance.
- Compare Old vs New Regime to save the most on taxes.
- Timely compliance to avoid penalties.
Important Deadlines and Penalties
Why Choose Us
Who Can File a Belated Return?
Anyone who missed the original deadline but is eligible for ITR filing can file a belated return. This includes:
- Salaried Individuals
- Freelancers and Self-Employed Professionals
- Business Owners
- NRIs with taxable income in India
- Individuals with TDS Refunds or Unpaid Taxes
How to File a Belated ITR with eTaxMentor
We simplify the belated ITR filing process for you. Here’s how it works:
Benefits
Benefits of Filing with eTaxMentor
Why choose us for your belated ITR filing?
- Expert Assistance: Our tax professionals handle everything for you.
- Hassle-Free Process: Minimal effort required from your side.
- Affordable Services: Competitive pricing for maximum value.
- Timely Filing: We ensure you meet the 31st December 2024 deadline.
Common Questions About Belated ITR Filing
We simplify the belated ITR filing process for you. Here’s how it works: