The last day to file Income Tax Return (ITR) for the financial year 2016-2017 was yesterday. But, if you have missed the deadline, you can still do it. 

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Many people fail to file their income tax return within the due date as prescribed by the income tax department. There is a provision in income tax for late filing of income tax return which is called belated return.

What is belated return?

As name suggests, filing ITR after the due date is called belated return. It can be filed before the end of the assessment year. However, this period was changed in Budget 2016. Before Budget 2016, belated return can be filed within one year from end of relevant assessment year.

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