Deadline for filing Income Tax returns extended to August 5

The deadline for filing Income Tax Returns (ITR’s) for the fiscal year 2016-17 has been extended to August 5 from its original deadline of July 31st. The Income Tax Department has already received more than 2 Crore returns filed electronically.

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The deadline has been extended due to overloading of the e-filing website ( after the excessive last minute filing of returns, according to a government official.

The linking of PAN (Permanent Account Number) of the taxpayer with his Aadhaar number has been also made mandatory for filing ITR. Every individual whose gross total income exceeds taxable limit must file the returns, Income Tax Department had said.

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The notification from the tax department has also asked the taxpayers to declare their cash deposits in bank accounts aggregating to Rs 2 Lakh or more, post demonetization.

The government of Friday has notified a simpler one-page form to ease the process of filing returns.




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