7 benefits of filing your income tax return

To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.

I-T returns deadline extended till August 5

Earlier people slammed the I-T department on social media platform for snag in its website for e-filing of tax returns.

While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.

CBDT has allowed filing of I-T returns till Aug 5; taxpayer will have to link Aadhaar with PAN by Aug 31.

Presently, a taxpayer is required to take a printout of ITR-V and post it to Bengaluru office to get acknowledgment.

Earlier, tax authorities had indicated that they will not extend deadline beyond July 31.

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

New format pertains to three types of notices issued under section 143(2) of Income Tax Act.

Apex court had earlier asked government to justify decision and notification in this regard.

Govt last month made quoting Aadhaar details compulsory for filing I-T returns and applying for PAN card.