In keeping with an ET report, the Revenue Tax Division has issued an alert to the general public concerning inaccurate info printed in media in regards to the extension of the ITR submitting deadline.”The division has acknowledged that that is false, and that the deadline for submitting ITR for FY2023-24 is July 31, 2024.” .
Will ITR submitting deadline for FY 2023-24 be prolonged?
Going by the previous document, it’s extremely unlikely that there shall be an extension to the ITR submitting deadline this yr, as over 5 crore ITRs for AY 2024-25 have already been filed as of July twenty sixth, in comparison with July twenty seventh final yr, the ET report stated.. By July 31, 2023, 6.77 crore revenue tax returns (ITRs) had been filed, and it’s anticipated that the present figures will quickly surpass the earlier ones.
Regardless of quite a few technical points on the e-filing portal, akin to issues with Aadhaar-based OTP authentication, sluggish web page loading, and add errors, it’s unbelievable that the deadline shall be prolonged except there’s a important technical difficulty on the web site.
Additionally Learn | ITR Filing FY 2023-24: What happens if I file income tax return after deadline? Check penalties, consequences for late filing
The All-India Federation of Tax Practitioners (AIFTP) has urged the CBDT to increase the deadline for submitting Revenue Tax returns for the evaluation yr 2024-25 by one month to August 31, citing the impression of floods and landslides on tax return filings in a number of states, in addition to persistent points with the Revenue Tax portal and software program, and time-consuming processes for paying self-assessment tax.
With simply a few days left for this yr’s ITR submitting final date, tax filers are nonetheless going through points with the e-filing portal. The CBDT chairman has acknowledged that they’re carefully partaking with their service suppliers Infosys, IBM, and Hitachi to deal with the problems, and has been assured that the web site will operate correctly.
