Govt extends deadline for filing ITR, linking Aadhaar to PAN
An amount of Rs. 58,783 crore has already been received as advance tax up to June 30 reflecting a growth of 11.9 percent over the advance tax payments of the corresponding period of last year. The department has received over 2 crore returns filed electronically.
The Income Tax Department on Monday extended the last date to file Income Tax Returns (ITR) to August 5, owing to difficulties faced by those filing their returns online. The earlier deadline was July 31. “In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August, 2017,” the I-T department said in a statement issued.While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.
The filing of returns, especially if one has made cash transactions of Rs 2 lakh or more post demonetisation, from November 9 to December 30, 2016, has now become more stringent than ever. It has been made mandatory to report such transactions for financial year (FY) 2016-17. Linking of Aadhaar number with Permanent Account Number (PAN) has also been made compulsory for taxpayers that have an Aadhaar card.