Deadline for Income Tax Returns extended to 5 August

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The last date for filing of Income Tax Returns for 2016-17 has been extended to 5 August, tweeted the Indian tax authority.

income tax returns

Its tweet said, “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.”

This cam after the tax department reportedly said that it had no plans to extend the deadline this year.

“The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over 2 crore returns filed electronically. The department requests taxpayers to file their return in time,” a tax official was quoted by PTI.

The department has also asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs 2 lakh or more, post demonetisation between November 9 December 30 last year, in the ITRs.

The ITRs to be filed by 5 August pertain to 2016-17 fiscal or assessment year 2017-18.

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