Government extends date of filing Income Tax Returns, this is new deadline

Since today is the last date of filing your ITR for financial year 2016-17 or assessment year 2017-18, we suggest you log on to https://incometaxindiaefiling.gov.in and register yourself. So file it before time runs out. In fact, when you are earning income, reporting of income and filing of taxes are inevitable.

If your income is more than Rs 2.5 lakh, then it is compulsory for you to file the returns. The tax payer is liable to mention them and pay the tax applied on them.

Waiting until the due date to e-file income tax returns is a lazy pattern that many taxpayers are being used to. Repeat above step so that tax payable becomes zero. His annual salary is Rs 3.50 lakh and savings bank interest income is Rs 11,000. A bit of planning and organizing data regarding the various income sources can make the income-tax return (ITR) filing process much simpler.

All you have to do is to fill the e-file of your income tax and ensure that all your income has been correctly declared as per the Form 16 and Form 16 A. You must also include the other income and other forms that are available from your bank like Form 26AS, TDS Certificates, and others.

Linking of Aadhar Card has been made mandatory when filing taxes.

In the case of oversubscription of bonds floated by institutions such as the National Highways Authority of India, the Indian Railway Finance Corporation, the Housing and Urban Development Corporation, the Indian Renewable Energy Development Agency, NTPC, the Rural Electrification Corporation and the Power Finance Corporation, the companies undertake partial allotment. ITR-V will also be sent to the registered email. This form has taken the place of ITR-4 that was applicable till last assessment year. In an attempt to simplify the tax filing process, new ITR forms have been notified for the FY 2016-17. Click on the link and download the ITR-V. The return will be processed only upon the receipt of signed ITR-V. Therefore, the Income Tax Returns forms and important financial document.

Vanessa Coleman

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