Monday 31 July 2017

File your ITR today as tax dept rules out any extension

The dept requests taxpayers to file their return in time, a top official said

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The last date for filing of IT Return (ITRs) for the financial year 2016-17 will not be extended beyond today's (July 31) deadline, a top official said on Sunday.

"The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over 2 crore returns filed electronically. The department requests taxpayers to file their return in time," the official said.

On reports of the tax filing website facing some glitches, the official said that no major glitches have been reported with the department's e-filing website barring a few times when the portal was "interrupted for maintenance".

The department has also issued advertisements in leading national dailies in the last few days stating that taxpayers should disclose their income "correctly" and file their ITRs on or before July 31.
The linking of Aadhaar number with the PAN (Permanent Account Number) of a taxpayer has also been made mandatory for the filing of an ITR, beginning July 1.

The tax department has also asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs 2 lakh or more, post-demonetisation between November 9-December 30 last year, in the ITRs....... Read Full Article

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