Income Tax :
The last date for filing income tax returns has been expand to August 5.
Tax returns for 2015-2016 were originally to be filed by July 31. But in view of the day-long walkout at public sector banks, and the deadline has been extended to 5 August..
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For Jammu – Kashmir, the last date will be August 31 in view of the going on disorder in the state.
In view of today’s bank strike and disturbance in Jammu-Kashmir, the due date for IT return filing is extended,” said by income Secretary Hasmukh Adhia in a tweet of today..
For evaluate across India chargeable to file IT returns by July 31, the deadline is extended up to August 5, said by him.
“For estimate in J&K, this date has been extended to August 31.
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Later, the Finance Ministry says in a statement, “As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016-2017 from July 31, 2016 to August 5, 2016, in case of taxpayers throughout India who are liable to file their Income-tax by July 31, 2016.”
This extension, it said, is given in order to avoid any inconvenience to the taxpayers while making payment of taxes concern to returns of income for Assessment Year 2016- 2017 by July 31, 2016 due to bank strike on July 29 and July 31 being a bank-holiday.