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Income Tax : Government Extends Deadline For Filing Income Tax Returns

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..

Income Tax
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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.”

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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.

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