Income Tax Return News – Relief To The Taxpayer, The Last Date For Filing Income Tax Return May Increase!

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Income Tax Return News – Relief To The Taxpayer, The Last Date For Filing Income Tax Return May Increase! – The Central Board of Direct Taxes (CBDT) can give relief to the taxpayers of the Income Tax Department. The board can move forward the deadline for filing Income Tax Return. Read full news…

The Central Board of Direct Taxes (CBDT) can announce a big relief to the taxpayers in the next day or two. He can extend the last date of Income Tax Return filing.

Income Tax Return News – Relief To The Taxpayer, The Last Date For Filing Income Tax Return May Increase!

Problems still on the new portal

Some time ago the Income Tax Department started a new portal for filing Income Tax Return. Taxpayers and professionals are facing many problems in filing returns on this. Although Infosys, the company that builds and maintains this portal, has overcome many problems, but still some problems have not been resolved.

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Taxpayers will get enough time

In such a situation, CBDT is considering to extend the last date of return filing for the taxpayer. Business Standard quoted government sources as saying, “We are identifying the reasons for the delay due to technical issues on the new portal. The announcement of extending the last date will be made in the next day or two. This will give enough time to taxpayers to file returns. We will ease their uneasiness.

14% returns filed so far

For the financial year 2020-21, only 80 lakh Income Tax Returns have been filed so far. This is about 14% of the income tax returns filed till the last date of the financial year 2019-20. CBDT may also release daily figures of Income Tax Returns to be filed on the new portal.