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Income Tax Returns can be filed till August 5

income tax

New Delhi: In view of the difficulties faced by taxpayers, the last date for filing of income tax returns (ITRs) for the financial year 2016-17 has been extended to August 5.

The original deadline was July 31. The Income Tax Department has already received over two crore returns filed electronically.

The linking of Aadhaar number with the PAN (Permanent Account Number) of taxpayers has also been made mandatory for filing of ITR, beginning July 1. The department has also asked taxpayers to declare in their ITRs cash deposits made in bank accounts aggregating to Rs 2 lakh or more post-demonetisation, between November 9 and December 30 last year.

Every person whose gross total income exceeds the taxable limit must file an income tax return, the Income Tax Department has said.

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