IT returns date extended
Written by : SMTV24x7 | Mon, Jul 31, 2017, 04:01 PM
New Delhi, July 31: The Central Board of Direct Taxes (CBDT) on Monday extended the income tax return filing date for 2016-17 till August 5.
"In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for 2016-17 has been extended to August 5," the Income-Tax department tweeted.
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.