Wednesday, September 2, 2015

Finance Ministry extends last date for filing income tax returns

In a tweet, the Finance Ministry has notified that the last day of filing income tax returns has been extended to September 7, says NDTV.

The Income Tax department had on Monday extended last date for filing I-T returns only for Gujarat, by seven days to September 7 in view of agitation over reservation to Patel community disrupting normal life.

"On consideration of reports of dislocation of general life caused due to recent disturbances in the state of Gujarat, the CBDT hereby extends the 'due date' for filing returns of Income from August 31 to September 7, 2015, in cases of income tax assessees in the state of Gujarat, who are liable to file their income tax returns by August 31," the CBDT said in a notification.

However, this extension has now been made applicable to the entire country.

This year, the last date for filing income tax returns had already been extended to August 31 from the usual July 31 deadline in earlier years.

The Income Tax department in June notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.

The government had dropped earlier forms which had attracted criticism for seeking numerous additional details.

The tax payers base in the country is just over 4 crore. The government aims to collect Rs 7.98 lakh crore in direct taxes in the current financial year.


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