Wednesday, Aug 05, 2020 | Last Update : 07:57 PM IST

133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   In Other News  13 Jul 2019  Will income tax filing deadline be extended from July 31?

Will income tax filing deadline be extended from July 31?

THE ASIAN AGE
Published : Jul 13, 2019, 1:41 pm IST
Updated : Jul 13, 2019, 1:45 pm IST

Tax payers have to pay special attention this year on account of the changes in the forms.

CBDT has issued a notice dated June 4, 2019 extending the due date for employers to file their TDS returns from June 30 to July 10. (Representational Image)
 CBDT has issued a notice dated June 4, 2019 extending the due date for employers to file their TDS returns from June 30 to July 10. (Representational Image)

Mumbai: Last year, the Income Tax Department had extended the income tax returns (ITRs) filing deadline as some issues were reported in return filing. The extension in deadline was reportedly granted as people were facing problems in filing income tax returns on last day using income tax website as there was huge rush in complying to the deadline.

It seems the Income Tax Department may have to grant an extension to individuals for filing income tax returns for the assessment year 2019-20 on account of the changes in the format of tax returns as well as in the tax deducted at source (TDS) certificates issued by employers.

 

The deadline for filing ITRs by people is July 31. As the Central Board of Direct Taxes (CBDT) has issued a notice dated June 4, 2019 extending the due date for employers to file their TDS returns from June 30 to July 10, there could be a delay in issuing Form-16 to employees.

The I-T department ordinarily gives an extension for a few days if the assessees face any trouble in meeting the deadline for filing returns and a longer extension in situations of natural calamities. Tax payers have to pay special attention this year on account of the changes in the forms.

A survey of over 10,000 citizens conducted by community social media platform ‘Local Circles’ released on Friday appeared that the due date of July 31 for filing income tax returns is causing distress. It appeared that 39 per cent of over 7,800 individuals who replied to a questionnaire on Form-16 said they have not received it from their employers yet. The survey was conducted in 146 cities across the country.

 

Also, around 49 per cent of over 8,000 individuals either said it was almost impossible to file the returns before the due date or they would have to walk an extra mile to do the same. Almost 28 per cent said it was almost impossible.

Sachin Taparia, founder Chairman and Chief Operating Officer of ‘Local Circles’ said the time constraint between getting the Form-16 from employers and filing the tax return deadline has been repeatedly shared by citizens in talks within the community.

Union budget FY 2019-20, moreover, proposed that return filing should be made mandatory for individuals falling below the basic exemption limit of Rs 2.5 lakh if they get into indicated high value transactions like spending on foreign tour among others. This will come into effect after Finance Bill of 2019 gets passed by the Parliament.

 

The linking of AADHAAR number with the PAN (Permanent Account Number) of a taxpayer has also been made mandatory for filing of an ITR.

Tags: income tax department, income tax returns, itrs, tds, cbdt
Location: India, Maharashtra, Mumbai (Bombay)