yatheendradas c.k.
View Profile

Income Tax return last date extended to August 5

Yatheendradas C.k. at 03:37 PM - Jul 31, 2017 ( ) Views: 246

2

Income Tax return last date extended to August 5 for FY 2016-17

After so much dilly-dallying over the extension of the income tax return filing deadline of July 31, 2017, the Income Tax Department finally decided to extend the deadline for filing tax return by 5 days to August 5, according to sources.

By: FE Online | Published: July 31, 2017 3:29 PM

After so much dilly-dallying over the extension of the income tax return (ITR) filing deadline of July 31, 2017, the Income Tax Department finally decided to extend the deadline for filing tax return by 5 days to August 5, according to sources. It may be noted that during the last few days of the ITR filing deadline, the Income Tax Department’s e-filing website – http://incometaxindiaefiling.gov.in – had started facing some glitches, may be because of the heavy traffic of taxpayers willing to file their tax returns.

Just a day before the Income Tax Department had said that the last date for filing of Income Tax Returns (ITRs) for the financial year 2016-17 will not be extended beyond the deadline of 31st July.

“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,” a top official had said, according to a PTI report.

Revenue secretary Hasmukh Adhia had also confirmed that the last date for filing Income Tax Returns will be July 31 and there would not be any extension.

On reports of the e-filing website facing some glitches, the official said that no major glitches had been reported with the department’s e-filing website – http://incometaxindiaefiling.gov.in – barring a few times when the portal was “interrupted for maintenance”. The department had 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 filing of an ITR, beginning July 1. The department had also asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs 2 lakh or more, post demonetisation between November 9 and December 30 last year, in the ITRs. The ITRs to be filed by July 31 pertain to the 2016-17 fiscal or assessment year 2017-18.


Login to participate in discussion.



Top Gainers

CANTABIL RETAIL LTD 207.00 22.90 (12.44%)
SHREE RAMA MULTI TECH LTD 5.15 0.40 (8.42%)
ASHIMA LTD 9.70 0.70 (7.78%)
MAGNUM VENTURES LTD. 6.30 0.40 (6.78%)
STEEL EXCHANGE INDIA LTD 12.50 0.75 (6.38%)
DYNEMIC PRODUCTS LIMITED 113.80 6.70 (6.26%)
MARKSANS PHARMA LIMITED 20.40 1.10 (5.70%)
NACL INDUSTRIES LIMITED 30.20 1.55 (5.41%)
OSWAL AGRO MILLS LTD 6.95 0.35 (5.30%)
TATA STEEL LIMITED 497.15 24.85 (5.26%)



Top Losers

HOV SERVICES LTD 77.70 -19.40 (-19.98%)
KOHINOOR FOODS LIMITED 16.30 -4.05 (-19.90%)
JET AIRWAYS (INDIA) LTD. 33.15 -7.35 (-18.15%)
WEIZMANN FOREX LIMITED 410.75 -83.55 (-16.90%)
RELIANCE CAPITAL LTD 52.90 -10.55 (-16.63%)
VIP CLOTHING LIMITED 11.70 -2.25 (-16.13%)
HOUSING DEV & INFRA LTD 14.50 -2.75 (-15.94%)
ARVIND LIMITED 58.45 -10.60 (-15.35%)
GP PETROLEUMS LIMITED 47.00 -8.25 (-14.93%)
GATI LIMITED 57.00 -8.80 (-13.37%)