Income Tax Alert for Belated & Revised Return? 31 December Deadline Explained | Prosperr.io

Описание: Many taxpayers across India are currently receiving SMS and emails from the Income-Tax Department regarding belated and revised return filing for AY 2025–26. If you’ve received one, do not ignore it.

In this video, OP Yadav, IRS (Retd.), explains why 31st December is a critical statutory deadline under the Income-tax Act — and how missing it can result in loss of refunds, penalties, and future compliance issues.

🔍 What this video covers:

-Who is required to file a Belated Income Tax Return
-Who should file a Revised Income Tax Return
-Consequences of not filing ITR even when no tax is payable
-Whether the tax regime can be changed in belated or revised returns

⚠️ Important to know:

After 31st December, the option to file a belated return closes completely, and the ability to revise returns becomes extremely limited.

📌 Act before 31st December to stay compliant, protect your refunds, and avoid unnecessary stress.

To know more - Book your free tax assessment with Prosperr.io - https://www.prosperr.io/free-consulta...