Deadline to file income tax returns extended to August 5

RSTV Bureau

The government decided to extend the deadline for filing Income Tax Returns (ITRs) till August 5. The decision came on July 31, the scheduled final date to file annual income tax returns.

Union Minister for Finance and Corporate Affairs Arun Jaitley speaks during Income Tax Day Celebration 2017 in New Delhi

Union Minister for Finance and Corporate Affairs Arun Jaitley speaks during Income Tax Day Celebration 2017 in New Delhi

The official twitter handle of the department said the move was made “in view of difficulties faced by taxpayers.”

A senior official of the I-T department said the decision to extend the deadline ending today was taken after a meeting of the revenue department and the Central Board of Direct Taxes (CBDT) was held in the finance ministry.

The last minute inundation and heavy logging on the official website of the e-filing portal of the department led to the extension of five more days for filing the ITRs by taxpayers.

The department, until a day ago, had maintained that no extension would be given as already over 2 crore returns have been received and no major glitches on the portal had been detected.

But, the situation changed on Monday and an extension was declared.

While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.

The 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.

The ITRs to be filed by July 31 pertain to 2016-17 fiscal or assessment year 2017-18.