ITR Filing Deadline Approaches: Will It Extend Beyond July 31?

The deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 (Assessment Year 2024-25) is rapidly approaching on July 31. As the final date nears, taxpayers are eager to know if there will be an extension. Here’s the latest update on the situation.

Current Status of ITR Filings

As of July 26, over 5 crore ITRs have been filed, reflecting an increase compared to the previous year. The tax department has emphasized the importance of meeting this deadline to avoid late filing penalties.

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Issues with the Tax Filing Portal

Many taxpayers and chartered accountants have reported issues with the tax filing portal. Common problems include glitches in generating OTPs and difficulties in claiming rebates. These issues have led to concerns about meeting the deadline.

Chartered Accountants’ Appeal

Prominent chartered accountant bodies have formally requested an extension of the filing deadline due to these technical issues. Their appeals highlight the challenges faced by individuals and businesses trying to comply with tax regulations.

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Tax Department’s Response

According to the latest update from the tax department, it appears unlikely that the deadline will be extended. A recent post on social media platform X urges taxpayers who have not yet filed their ITRs for AY 2024-25 to do so promptly to avoid a last-minute rush.

The tax department has not yet made a formal decision on extending the deadline. With only a day remaining, it is crucial for taxpayers to complete their filing process as soon as possible.

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Help for Taxpayers

For those encountering technical difficulties, the tax department has provided contact information for assistance. Taxpayers can reach out to the toll-free helpdesk at 1800 103 0025 or 1800 419 0025, or email Efilingwebmanager@incometax.gov.in for support.

With the deadline for ITR filing looming, taxpayers are encouraged to act quickly to avoid penalties. Despite the technical issues reported, the tax department’s current stance suggests no extension of the deadline. Stay updated and ensure your ITR is filed on time to prevent any last-minute issues.