Indian government extends Income Tax Returns filing deadline to August 5

World Monday 31/July/2017 15:27 PM
By: Times News Service
Indian government extends Income Tax Returns filing deadline to August 5

New Delhi: In a last minute decision, the Indian government on Monday extended the deadline for filing Income Tax Returns (ITRs) till August 5, a top official said on Monday.
The official twitter handle of the department said the move was made "in view of difficulties faced by taxpayers."
A senior official of the department said the decision to extend the deadline ending on Monday was taken after a meeting of the revenue department and the Central Board of Direct Taxes (CBDT) was held in the finance ministry on Monday.
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, till Sunday, however had maintained that no extension would be given as already over 20 million returns have been received and no major glitches on the portal had been detected. But, the situation changed on Monday and the extension was declared.
This time, the linking of the Aadhaar number with the PAN (Permanent Account Number) of a taxpayer has been made mandatory for filing of an ITR, beginning July 1.
The department has also asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs 200,000 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.