1-The deadline is July 31, but you can file a belated return until December 31 with a late fee and penal interest.

2-What happens if I miss the July 31 deadline?
You can still file a belated return until December 31, but you'll incur a late fee and 1% penal interest per month.

3-What's the late fee for missing the deadline?
For income above Rs 5 lakh, the fee is Rs 5,000; for income below Rs 5 lakh, it's Rs 1,000.

4-Can I file ITR after the deadline without penalties?
No, filing after the deadline incurs late fees and interest as per the Income Tax Act.
Is timely ITR filing important?