To Avoid Last Minute Rush Income Tax Offices Will Work on 29th March, 30th March And 31st March
There is relief for people who have not submitted their Income Tax Return (ITR ) yet. To avoid last minute rush, income tax offices will remain open throughout India on 29th, 30th and 31st March to facilitate filing of ITRs and completion of associated work, according to a report by ANI,
The department expects a rush towards the end of the financial year as the deadline for filing of belated return has been revised from two years to one financial year. Accordingly, return for 2016-17 can be filed or revised till March 31, 2018, only.
A salaried individual has to file his return for FY 2016-17 (AY 2017-18) on or before 31 July 2017. If she or he misses the deadline then 31st March is the last date to file the return. Beyond 31st March the return will be considered as time barred. If any refund is due or you want set off losses, then you have to talk with the commissioner giving him reasons for delaying of the return. There could be many reasons for delayed filing of the return ranging from certain unforeseen circumstances to being unaware of the due date. To avoid, unnecessary hassles, it is always advisable to file your return on time.
The department expects a rush towards the end of the financial year as the deadline for filing of belated return has been revised from two years to one financial year. Accordingly, return for 2016-17 can be filed or revised till March 31, 2018, only.
A salaried individual has to file his return for FY 2016-17 (AY 2017-18) on or before 31 July 2017. If she or he misses the deadline then 31st March is the last date to file the return. Beyond 31st March the return will be considered as time barred. If any refund is due or you want set off losses, then you have to talk with the commissioner giving him reasons for delaying of the return. There could be many reasons for delayed filing of the return ranging from certain unforeseen circumstances to being unaware of the due date. To avoid, unnecessary hassles, it is always advisable to file your return on time.
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