Govt rules out to extend date for filing IT returns
The government on Wednesday ruled out extending the last date for filing of income tax returns by individuals beyond July 31.
By PTI |
NEW DELHI: The government on Wednesday ruled out extending the last date for filing of income tax returns by individuals beyond July 31.
"There is no proposal to extend the last date for filing returns by individual tax payers beyond July 31," a senior Finance Ministry official said. Referring to the rush at the income tax counters to file returns, the income tax department noted that people can file returns electronically at incometaxindiafiling.gov.in website from anywhere.
"There is no need to visit the tax office, returns filed (electronically) is more accurate, there is no fear of losing tax records," an official statement said.
Over 10 lakh e-returns have been filed till Tuesday, and the number is expected to cross 13 lakh by July 31, compared to 1.6 lakh e-returns received last year for the same period. Out of this, over one lakh e-returns have been filed in Delhi.
Last year, over 21.93 lakh e-returns were received, out of which over 14.6 lakh e-returns were filed voluntarily. From this year, it is mandatory for the corporates and business houses with an annual turnover ofRs 40 lakh to file returns. a
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