Income Tax Return Filing for Last 3 Year

Have you missed your Income Tax Return Filing? Don’t worry! You can still submit your Income Tax Returns for the last three years (AY 2025-26, A.Y. 2024-25, A.Y. 2023-24) under section 139(8A). Don’t delay—file your ITR for the last 3 years now with computation. Contact us today, and we’ll ensure you receive your filed ITR acknowledgement by the end of the day!

Income Tax Return FIling Fees

AY 2025-26, A.Y. 2024-25, A.Y. 2023-24

₹ 999/ Year + Govt penalty

Computation
ITR form
ITR acknowledgment
Paid challan of Govt penalty

Income Tax Returns for the last 3 years

Filing income tax returns is an essential obligation for every taxpayer. It not only helps you abide by the law but also ensures that you are contributing to the development of the nation. Under Section 139(8A) of the Income Tax Act, taxpayers have the option to file their income tax returns for the last three years.

What is Section 139(8A)?

Section 139(8A) of the Income Tax Act stipulates that if an individual has missed the deadline for filing their income tax return for a particular financial year, they can still do so by submitting a belated return within a specified timeframe. This provision allows taxpayers to rectify any oversight and ensures that they do not face penalties or legal consequences for delayed filing.
It is crucial to understand that while section 139(8A) permits the filing of belated returns, it also imposes certain consequences. Late filing can lead to the payment of interest charges under section 234A, and the taxpayer loses the ability to carry forward certain losses and claim deductions for that financial year.

Income Tax Return Filing Fees

File Your Missed ITR for A.Y. 2023-24, A.Y. 2024-25 and A.Y. 2025-26 for Loan Processing, Visa Processing & Credit Card Processing

Basic Pack

(ITR filing with Computation)

₹ 999/ Year + Govt penalty Our Fee ₹999 + Govt Penalty Uptoo 5lac Net Income (₹1000)

Computation
ITR acknowledgment
Paid Challan Copy

Standard Pack

(ITR filing with Balance sheet and CA UDIN)

₹ 1999/ Year + Govt penalty Our Fee ₹1999 + Govt Penalty Uptoo 5lac Net Income (₹1000)

Back Pack +
Balance sheet and profit and loss account
CA attestation with UDIN

Documents Required for Back Year Income Tax Return Filing

Last 3 Year Income Tax Return Filing Process

If you have missed filing your income tax return for any of the previous 4 years, you can still do so under section 139(8A). However, it is important to note that the process for filing belated returns is slightly different from regular returns. Here is a step-by-step guide to help you file your income tax returns for the last 4 years:

Gather all the necessary documents and financial information for the respective financial years.
Visit the official Income Tax Department website or a trusted online tax filing portal.
Select the relevant income tax return form for the specific financial year.
Fill in the required details, including your personal information, income sources, deductions, and taxes paid.
Calculate and verify your tax liability for each financial year.
Pay any outstanding tax liability along with applicable interest.
Generate and submit the income tax return form online or offline, as per your preference.

Impact of Filing Late Income Tax Returns

1.Penalty and Interest:

Filing income tax returns after the due date attracts penalties and interest charges under section 234A. The penalty for late filing can be significant, depending on the duration of the delay and the amount of tax payable. It is crucial to file your returns on time to avoid incurring unnecessary financial burdens.

2. Loss of Benefits:

Delayed filing of income tax returns can lead to the loss of certain benefits. For instance, individuals may lose the ability to carry forward capital losses or claim deductions for a particular financial year if they file their returns after the due date. Timely filing allows taxpayers to avail of all the benefits and provisions provided under the Income Tax Act.

3. Legal Consequences:

Non-compliance with income tax laws can invite legal consequences, including notices, audits, and scrutiny. Filing your income tax returns within the due dates demonstrates your commitment to following the law and ensures that you do not face any unnecessary legal hassles.

Consequences of Non-Filing of ITR

1. Interest and Penalties:

Late filing attracts interest charges and penalties under section 234A of the Income Tax Act. The interest is calculated based on the period of delay and the amount of tax payable. Penalties can be levied at the discretion of the Income Tax Department, and the amount can vary based on the severity of the delay.

2. Scrutiny and Audits:

Non-compliance with income tax laws may attract scrutiny or even trigger an audit by the Income Tax Department. This can be a time-consuming and stressful process, as it involves providing additional documentation and explanations for the discrepancies in filing.

3. Legal Proceedings:

In extreme cases of non-compliance, the Income Tax Department may initiate legal proceedings against the taxpayer. This can result in hefty fines, seizure of assets, and even imprisonment, depending on the severity of the non-compliance.

Who is not eligible to file Back Year ITR

ITR-U cannot be filed in the following cases:

Updated return is already filed
For filing nil return/ loss return
For claiming/enhancing the refund amount.
When updated return results in lower tax liability
Search proceeding u/s 132 has been initiated against you
A survey is conducted u/s 133A
Books, documents or assets are seized or called for by the Income Tax authorities u/s 132A.
If assessment/reassessment/revision/re-computation is pending or completed.
If there is no additional tax outgo (when the tax liability is adjusted with TDS credit/ losses and you do not have any additional tax liability, you cannot file an Updated ITR)

What is the Due Date to file ITR-U or Back Year ITR ?

ASSESSMENT YEAR	DUE DATE
A.Y. 2023-24	31st March 2026
A.Y. 2024-25	31st March 2027
A.Y. 2025-26	31st March 2028

Should you pay additional tax when filing ITR-U or Back Year ITR ?

Yes, you will have to pay an additional tax of 25% or 50% on the tax amount, depending on when you file the ITR-U.

ITR-U filed within	Additional Tax
12 months from the end of relevant AY	25% of additional tax + interest
24 months from the end of relevant AY	50% of additional tax + interest

FAQs on Income Tax Return Filing

What is Income Tax Return?

Income tax return is a document that a taxpayer files with the tax authorities, declaring his/her income, deductions, and tax liability. The tax return needs to be filed on or before the due date as prescribed by the Income Tax Department of the country. The tax authorities use the information provided in the return to assess the taxpayer’s tax liability and to determine if the taxpayer is eligible for a refund.

Who is Required to File an Income Tax Return?

Every individual, Hindu Undivided Family (HUF), Association of Persons (AOP), Body of Individuals (BOI), and companies are required to file an income tax return if their income exceeds the basic exemption limit. The basic exemption limit is different for different categories of taxpayers and is subject to change from year to year.

What are the Documents Required for Filing an Income Tax Return?

The following documents are required for filing an income tax return:

Form 16 or Salary Certificate issued by the employer
Form 26AS
Bank statements
TDS certificates
Investment proof for claiming deductions

What is the Due Date for Filing an Income Tax Return?

The due date for filing an income tax return varies depending on the category of taxpayer. For individuals and HUF, the due date is generally 31st July of the assessment year. However, for businesses, the due date is different, and it is advisable to check the Income Tax Department’s website for the latest due dates.

What is the Penalty for Late Filing of Income Tax Return?

If a taxpayer fails to file his/her income tax return on or before the due date, he/she may have to pay a penalty. The penalty amount varies depending on the delay in filing the return and the taxpayer’s income. For individuals, the penalty can range from Rs. 1,000 to Rs. 10,000.

Can an Income Tax Return be Filed After the Due Date?

Yes, an income tax return can be filed after the due date. However, it is called a belated return, and the taxpayer may have to pay a penalty for filing it late. The penalty amount for a belated return is the same as the penalty for late filing.

What are the Consequences of Not Filing an Income Tax Return?

If a taxpayer fails to file his/her income tax return, he/she may have to face several consequences. The Income Tax Department may levy a penalty for late filing of the return, charge interest on the tax liability, and may even initiate prosecution proceedings against the taxpayer.

Can an Income Tax Return be Revised After Filing?

Yes, an income tax return can be revised after filing. If a taxpayer realizes that he/she has made an error in the original return filed, he/she can file a revised return to correct the mistake. However, the revised return needs to be filed within a specified time frame.

What is the Process of Filing an Income Tax Return?

The process of filing an income tax return is straightforward. The taxpayer needs to follow the below steps:

Download the relevant income tax return form from the Income Tax Department’s website.
Fill in the details in the form,
Calculate the total income, deductions, and tax liability.
Pay the tax liability (if any) before filing the return.
Upload the return on the Income Tax Department’s website.
Verify the return using Digital Signature Certificate (DSC) or Aadhaar OTP within 30 day.

Is it necessary to file an income tax return if there is no tax liability?

Ans: No, it is not necessary to file an income tax return if there is no tax liability. However, if the taxpayer wants to claim a refund, he/she needs to file an income tax return.