One standout feature is the 'Pay Later' option on the e-filing portal. This allows people to file Income Tax Returns (ITRs) without rushing to pay their taxes upfront. This article explores the details of this feature, covering its how to use it properly.

Keep in mind that when filing late, there is a penalty as per Section 234F of the Income Tax Act, 1961. Additionally, you won't be able to carry forward losses from different sources of income, except for losses from house property, when submitting a belated ITR.