Last date of filing Income Tax returns extended to 7 September

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The Finance Ministry has extended the last date of filing income tax returns to September 7. Earlier, the last date for filing income tax returns was 31 August.

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Income tax department had already extended the last date of filing IT returns for residents of Gujarat due to the upheaval related to Patel agitation and widespread violence the state faced.

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The income tax department has notified a new set of ITR forms for taxpayers to file their returns for assessment year 2015-16.

The government aims to collect Rs 7.98 lakh crore direct taxes in the current financial year.

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