GUWAHATI: The All-India Federation of Tax Practitioners (AIFTP) requested the Central Board of Direct Taxes (CBDT) to extend the deadline of filing Income Tax returns by a month to August 31 for the assessment year 2024-25.
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AIFTP National President Narayan Jain and Direct Tax Representation Committee Chairman S M Surana said that floods in several states have severely impacted the process of filing returns. Landslides in Uttarakhand and Himachal Pradesh have further compounded these difficulties, they said, as per reports.
The memorandum cited ongoing issues with the Income Tax portal and software, such as challenges in downloading and verifying forms, as the basis for extending the deadline. They also highlighted that the process of paying self-assessment tax through banks and downloading challans is time-consuming.
The deadline for filing income tax return (ITR) for the financial year (FY) 2023-24, as issued by the The Income Tax Department is July 31 as of now. Ahead of the deadline, the Income Tax department advised taxpayers to file their tax returns.
However, it is unlikely that taxpayers will receive an extension for filing income tax returns this year. As of July 26, over 5 crore ITRs for AY 2024-25 have already been submitted, compared to the number filed by July 27 last year. The government did not extend the ITR filing deadline last year and is not expected to do so this year either. However, an extension was granted two years ago due to the Covid-19 pandemic
