Deadline for filing IT returns extended till Aug.5


Gujarat Global News Network, New Delhi

The last date for filing of income tax returns (ITRs) for the financial year 2016-17 has been extended to August 5. The original deadline was July 31. The Income Tax Department has already received over two crore returns filed electronically.

The department said that there were complaints of taxpayers not being able to log on to the e-filing website – -It has been experiencing overload due to last minute filing of returns.

The linking of Aadhaar number with the PAN (Permanent Account Number) of taxpayers has also been made mandatory for filing of ITR, beginning July 1. The tax department also said that Aadhaar-PAN linking can be done till August 31 and the return will be processed after the linking. The department has 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.

Every person whose gross total income exceeds the taxable limit must file an income tax return, the Income Tax Department has said.The Income Tax Department also mentioned certain taxpayers who are required to e-file their income tax returns. These included individuals and HUFs (Hindu Undivided Families) having total income exceeding Rs. 5 lakh or claiming any refund in the return (excluding individuals of the age of 80 years or more who are furnishing return in Form ITR-I or Form ITR-2) and individuals/HUFs being a resident other than not ordinarily resident having any foreign asset/income or claiming any foreign tax relief.

 (For news in Hindi see our Hindi daily Chaupal Chronicle)