IT Dept Has Just Announced A New Deadline For Income Tax Returns Filing, Know Details
Income tax returns filing has become a major serious concern from past couple of days. With the series of network errors in the website and ongoing lack of awareness has roped in new issues.
People on the Internet went slamming the website for its grim functioning and almost unavailable information. Earlier, Indian Govt declared that no extension in the deadline will be encouraged. They confirmed July 31st as the last date for filing of income tax returns (ITRs) for the financial year 2016-17.
Having these many Internet and back-end troubles, the concerned authorities somehow went further with a mild shift in the dead line, the postponed the deadline from July 31st to August 5th. As of now, the Income Tax Department has already received over two crore returns filed electronically. The department had earlier 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 the announced deadline.
IT department in its notice stated that the reason behind this instant extension is the inadequacy in the official website “incometaxindiaefiling.gov.in”, as the website has been experiencing overload due to last minute heavy crowd.
In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August, 2017.
— Income Tax India (@IncomeTaxIndia) July 31, 2017
Parallel to this, the department also mandated the linkage of Aadhaar number with the PAN, this started from beginning July 1, also asked taxpayers to declare in their ITRs cash deposits made in bank accounts aggregating to Rs. 2 lakh or more post-demonetisation, between November 9 and December 30 last year.
Government’s statement read that every person whose gross total income exceeds the taxable limit must file an income tax return.