Government extends last date to file Income Tax return to September 7

The government on Wednesday extended the last date for filing Income Tax returns to September 7.

‘Due date for filing Income Tax return extended till 7th Sep, 2015,’ the Finance Ministry said in a tweet. The earlier date was August 31. The government had received various representations that tax payers have faced difficulties in e-filing of returns across the country due to slowing down of certain e-services on August 31, 2015, the earlier due date.

“Considering these representations, the Central Board Direct Taxes (CBDT) has extended the ‘due-date’ for E-filing returns of income from August 31, 2015 to September 7, 2015 in respect of all taxpayers who were required to E-file their returns of income by August 31, 2015.

The government dropped the earlier forms which had attracted criticism for seeking numerous additional details like that of filers’ foreign travel and about dormant bank accounts.
The tax department has notified a new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.

The new ITRs replaced the 14-page form that was notified earlier this year. The earlier voluminous form had individual tax payers, industrialists and Members of Parliament, all up in arms – who believed tax filing would become cumbersome and complicated.

The tax payers base in the country is just over 4 crore in population of over 120 crore, with the government aiming to generate  7.98 lakh crore from IT return.

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