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Income Tax filing deadline extended to August 5

In a relief to taxpayers, the government has extended the date of filing tax returns to August 5. It may be recalled that the regular date for filing Income Tax returns is July 31. Tax payers can now file their Income Tax Returns (ITRs) for the financial year 2016-17 by August 5. The reason for the extension of deadline is that taxpayers had faced problems with filing their returns online. Yesterday, there was a glitch on the Income Tax Department’s website, due to which thousands of taxpayers were unable to file their income tax returns. A tweet posted by the Income Tax Department read, “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.”

The Income Tax Department has also published advertisements in all leading newspapers, asking taxpayers to correctly file their tax returns before the deadline. The linking of PAN and Aadhaar has also been made mandatory for filing income tax returns. On the black money front, the Income Tax department has asked tax payers to declare cash deposits made by them if the amount is equal to or more than Rs 2 lakh in total. Anyone who has deposited a total of Rs 2 lakh or more cash between November 9 and December 30 last year is required to mention the same in their income tax returns.

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