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I-T Return Deadline Extended Till August 5

I-T Return Deadline Extended Till August 5

Latest Government News!!!The Government of India has extended the date for filing income tax returns (I-T Return). Government has given the last date of filing of returns to 05-08-2017. Earlier 31-07-2017, Monday was the last date for submission of tax returns. But now I-T Return Deadline Extended Till August 5. People had face difficulties in filling ITR in the last two days. The difficulties in filling the online income tax return are believed to be that the government is increasing the date for the convenience of the people.

I-T Return Deadline Extended Till August 5

We the team members of recruitmentresult.com provide complete details regarding I-T Return Deadline Extended Till August 5. So, scroll down the page and get complete info regarding I-T Return Deadline from here. It is worth mentioning that on July 31 every year, income tax is done on the last day for returning. However, it has been observed that the government extends this date on the last occasion.

Due to lack of Aadhar number and PAN number link, the government has given relief to the people who were facing problems in filing income tax returns. The Central Board of Direct Taxes (CBDT) has started accepting the ITR without any basis and PAN links. Many people were having problems linking pan and base, such as name, date of birth and non-receipt of gender. However, people need to mention their base number in ITR.

I-T Return Deadline Extended Till August 5

Why I-T Return Deadline Extended?

For the individuals, through modification in income tax law this year, the government has started Section 139AA which has made it compulsory to mention the Aadhaar number for filing IT returns after July 1 this year. To link your Aadhar card to your PAN card, your ITR file is mandatory, which contains both numbers. The dictator has created a sense of urgency among the tax payers (though the Supreme Court is now hearing the matter related to the privacy matters of the base). Main reason for their nervousness is that they are facing many problems while linking Aadhaar and PAN.

Is there any penalty?

  • No, there is no any penalty for filing income tax return after due date is only valid from FY 2017-18. Individuals must know about the latest news that government had introduced a maximum late fee of Rs 10,000 for delayed filing of income tax return in the last budget presented in February this year.
  • Yet, this late fee is applicable from 01-04-2018 onwards and will not apply for returns filed for FY2016-17 for which the end date as of now is 05-08-2017

I-T Return Deadline Extended Till August 5

To file an income tax return, 31-07-2017 was the last date but now is extended up to 05-08-2017. Filing a tax return is a very easy job. You do not need to go anywhere to file returns. Individuals can fill their tax returns even while supporting the online sitting facility at home. If your enrollment income is more than Rs. 5 lakhs then you will have to do e-filing of income tax. Know how you can file Income Tax ITR, which is an Income Tax Return:

Simple steps for e-filing:

Step 1:

  • Check the process of filing online income tax which is called e-filing. This is very simple and can be easily done.
  • Individuals should carry all the necessary documents to file returns. Then go to the Income Tax Department’s website – incometaxindiaefiling.gov.in.

Step 2:

  • For e-filing, first create your account on this website. In order to create an account, personal data such as PAN number and birth date will be required.
  • Hit on the website “incometaxindiaefiling.gov.in/eFiling/Registration/RegistrationHome.html” and create an account.
  • Your PAN number for this account is your User ID.

Step 3:

  • There are two ways of e-filing – the first is to go to the download section of the Income Tax Department’s website and you are required to download that form and save it on the computer’s desktop.
  • After that fill the form on the requested information and save it in the generated XML format.
  • Now go back to the website and upload the Save form again in the XML format.
  • Another way is to go to the e-file section, log in, select the form and Assessment year that is expected, and fill out the requested information.

Step 4:

  • Don’t forget to keep the entire necessary documents with yourself at the time of filing returns: PAN number, Form 16, Total interest related to the financial year you got on your accounts, TDS related details and all kinds of investment related evidence.
  • Keep yourself homologous and insurance related documents too.
  • You can download Form 26AS from the Income Tax site which shows your tax statement which has been given by you.

Step 5:

  • Once you fill the relevant ITR form on the website, sign your ITR-V and send your form related to the office (where your return is processed).
  • Within 120 days, the concerned office should reach the office, so that the process of tax filing is considered complete.

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