Last Call: No Extension for I.T.R Filing Deadline – Hurry Up!

The Income Tax Return (ITR) filing deadline for the financial year 2023-24 (Assessment Year 2024-25) is set for July 31, 2024, and there appears to be no possibility for an extension. Taxpayers are urged to act quickly and ensure that their filings are completed by this date to avoid penalties and interest charges that come with late submissions.

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In recent weeks, numerous inquiries and requests from Chartered Accountants and taxpayers alike have been made regarding the possibility of extending this deadline. However, the Income Tax Department has consistently clarified that there will not be any extension. As of July 16, over 15 lakh ITRs were being filed daily, with numbers expected to rise as the deadline approaches. Taxpayers are experiencing a rush, and it’s more important than ever to finalize and submit tax returns promptly before the deadline.

With millions of taxpayers pushing to meet the July 31 deadline, the e-filing portal has been under immense stress leading to technical glitches. Many taxpayers are struggling with issues such as slow page loading, upload failures, and login problems. These technical challenges have added to the concern that time is running out to comply with the tax filing requirements for this year.

According to data from the previous year, a total of 6.77 crore ITRs were filed by the last date. With a substantial increase in early filings noted this year, it is crucial that taxpayers do not delay their submissions for both individual circumstances and broader compliance considerations.

Reports indicate that significant outreach has occurred from taxpayer organizations urging for concessions in extending the filing period; however, these have not yielded positive responses from government channels. Officials have consistently reminded taxpayers to stay informed through official communication channels, breaking down various rumors circulating in social media about possible extensions.

In situations where filing might be missed by the due date, taxpayers can still file a belated return until December 31, but this will incur penalties under Section 234A and Section 234F. Hence, acting swiftly is of utmost importance.

In conclusion, this year emphasizes accountability in tax compliance – taxpayers must leverage the remaining time wisely to ensure full adherence to their responsibilities.

Time’s Up: No Extension for I.T.R Filing Deadline, What You Need to Know!

As the July 31 deadline for filing income tax returns rapidly approaches, taxpayers across the country are in a rush to complete their filings. The Income Tax Department’s website shows that 3.58 crore ITRs have been filed as of July 19, marking an 11% increase compared to the same period last year.

However, many taxpayers are facing difficulties due to persistent glitches in the ITR filing process. Several users have reported problems logging into the Income Tax website, including slow page loading, upload failures, non-responsive pages, and issues with Aadhaar-based OTP verification.

In addition, taxpayers have reported several issues, including difficulty accessing Form 26AS, AIS, and TIS due to portal glitches, as well as discrepancies between the figures in TIS and AIS. These technical difficulties have been ongoing for nearly a month, causing frustration and delays.

Various chartered accountant associations have reached out to the tax department, highlighting the difficulties that taxpayers and professionals are encountering with the e-filing ITR portal. Given these technical and procedural hurdles, there is a growing demand from both taxpayers and tax professionals to extend the ITR filing deadline.

Despite these issues, the tax department has not yet indicated any plans to extend the deadline beyond July 31. Experts suggest that the likelihood of an extension is low, citing the government’s decision not to extend the deadline last year and the complications that arise from creating a backlog in the filing process.

Urgent Alert: No Extension for I.T.R Filing Deadline – Act Fast!

With the deadline for income tax return (ITR) filing fast approaching on July 31, the Income Tax Department has not indicated any plans to extend this date. As of July 22, more than 4 crore ITRs have already been filed, suggesting that most taxpayers are managing to meet the deadline despite ongoing issues with the e-filing system.

Many taxpayers have been facing difficulties logging into the Income Tax website. Common problems include slow page loading, upload failures, non-responsive pages, and issues with Aadhaar-based OTP verification. These technical issues have led to frustrations among users trying to access important documents like Form 26AS, Annual Information Statement (AIS), and Taxpayer Information Summary (TIS).

The glitches have been ongoing for nearly a month, causing delays in the filing process. In some instances, joint income is being reported on the statements of both account holders, leading to scrutiny notices even when taxpayers have submitted their returns on time.

Despite the ongoing issues and calls for an extension from various quarters, experts believe that the chances of an extension are slim. They point to last year’s decision not to extend the deadline and the potential complications of creating a backlog as reasons why the government is likely to stick to the original deadline.

As the July 31 deadline approaches, taxpayers are urged to complete their filings as soon as possible to avoid any last-minute problems.

Tick Tock! No Extension for I.T.R Filing Deadline – Hurry Before It’s Too Late!

It is highly unlikely that there will be any extension of the July 31 ITR filing deadline, as the number of Income Tax Returns (ITRs) filed per day has already crossed 15 lakh as of July 16 and is expected to increase daily as the due date approaches. According to the CBDT chairman, on July 23 alone, 22 lakh ITRs were filed.

Last year, a total of 6.77 crore Income Tax Returns (ITRs) were filed by July 31, 2023. Comparing the numbers, it is expected that the current figures will soon surpass the previous ones. This is one reason why the tax department is not likely to extend the last date to file ITRs for FY 2023-24.

The Income Tax department has alerted the public about false information that appeared in a well-known newspaper in Gujarat. According to the department, a screenshot of the news is being shared on social media, asserting that the deadline for e-filing of ITR has been prolonged until August 31, 2024. The department has clarified that this claim is untrue and that the deadline to file ITR for FY2023-24 is July 31, 2024.

Despite the numerous technical issues on the e-filing portal, including problems with Aadhaar-based OTP authentication, slow page loading, and upload errors, it is unlikely that the deadline for filing ITR will be extended unless there is a significant technical issue on the website.

Financial Alert: No Extension for I.T.R Filing Deadline – Don’t Delay!

The Central Board of Direct Taxes (CBDT) chief said about 7.5 crore ITRs were filed the last time at the end of the deadline on July 31. The current ITR filing season for assessment year 2024-25 will similarly end on July 31 for different categories of taxpayers whose accounts are not supposed to be audited.

Here is an overview of the technical issues on the e-filing ITR portal that the All Gujarat Federation of Tax Consultants and Income Tax Bar Association have highlighted in their letter to the FM:

• Intermittent difficulty in logging into the Income tax portal
• Numerous instances where they were unable to access or download these vital forms
• Discrepancy in Pre-filled Data
• Restricted options to submit responses in AIS and TIS in the Income tax portal
• Difficulty in resetting Password
• Difficulty in generating challan for payment of tax

As the financial year concludes, taxpayers must prepare to file their income tax returns (ITR) for FY 2023-24 by July 31, 2024, to avoid penalties. Late filing can incur a fixed penalty of Rs 5,000, with additional interest on outstanding taxes if applicable.

Deadline Approaches: No Extension for I.T.R Filing, Prepare Now!

With just 15 days remaining to file IT returns, taxpayers face difficulty due to slowness in downloading reports and OTP for password reset. The Karnataka State Chartered Accountants Association (KSCAA) has written to the tax department requesting them to resolve the problems, and make it possible for income returns to be filed without incident.

The Karnataka State Chartered Accountants Association listed out the issues raised in the past few days, assessees and professionals have been facing the following issues/ challenges while trying to file their Income tax returns:

• Intermittent difficulty in logging into the Income tax portal
• Numerous instances where they were unable to access or download these vital forms
• Discrepancy in Pre-filled Data
• Restricted options to submit responses in AIS and TIS in the Income tax portal
• Difficulty in resetting Password
• Difficulty in generating challan for payment of tax
• Error Messages popping up during submission of return for filing
• Difficulty in filing the return of Income
• Difficulty in e-verifying the return of Income

Even though there are about three weeks left for the ITR filing deadline, many tax filers have been faced with major tech issues when using the Income Tax Department’s e-filing portal. These include basic glitches like logging into the e-filing portal to resetting the password to big ones like discrepancy in pre-filled data in ITR forms and difficulty in e-verification.

Hurry Up! No Extension for I.T.R Filing Deadline This Year!

The Income Tax Department has not responded to requests from many Chartered Accountants and taxpayers for an extension of the July 31 deadline. It is highly unlikely that there will be any extension, as the number of Income Tax Returns (ITRs) filed per day has already crossed 15 lakh as of July 16 and is expected to increase daily as the July 31, 2024 due date approaches.

Last year, a total of 6.77 crore Income Tax Returns (ITRs) were filed by July 31, 2023. Comparing the numbers, it is expected that the current figures will soon surpass the previous ones. This is one reason why the tax department is not likely to extend the last date to file ITRs for FY 2023-24.

In addition, the tax department is working with service providers to fix major issues on the e-filing portal. The CBDT chairman, according to a PTI news report said, “We are engaging closely with our service providers Infosys, IBM and Hitachi who are on the job. The volumes are high and the compliance is also good… I have been assured that the website will function properly”.

Despite the numerous technical issues on the e-filing portal, including problems with Aadhaar-based OTP authentication, slow page loading, and upload errors, it is unlikely that the deadline for filing ITR will be extended unless there is a significant technical issue on the website.

Final Warning: No Extension for I.T.R Filing Deadline – Submit Now!

The government has extended ITR filing deadline for FY 2019-20 to November 30, 2020. As per chartered accountants, the deadline for issuing Form 16 for FY 2019-20 has been extended to July 15, 2020.

However, for the current financial year 2023-24, there has been no indication of an extension of the July 31 deadline. The Income Tax Department stated that a clipping of the news is circulating on social media, claiming that the date for e-filing of ITR has been extended to August 31, 2024. The tax department has clarified that this claim is untrue and that the deadline to file ITR for FY2023-24 is July 31, 2024.

It’s important to keep in mind that if you wait until closer to the deadline to file, you may experience technical difficulties on the e-filing portal and encounter other issues. Therefore, it’s advisable to complete your filing well before the due date to avoid potential problems.

Avoid Penalties: No Extension for I.T.R Filing Deadline – Hurry Up!

Missing income tax return filing deadline of July 31 not only leads to payment of penalty of up to Rs 5,000. There are other benefits as well that an individual loses if the income tax return is filed after the expiry of deadline (i.e. belated ITR).

As the financial year concludes, taxpayers must prepare to file their income tax returns (ITR) for FY 2023-24 by July 31, 2024, to avoid penalties. Late filing can incur a fixed penalty of Rs 5,000, with additional interest on outstanding taxes if applicable. Tax deducted at source (TDS) violations, such as non-deposit or incorrect deductions on property transactions, attract penalties up to 1.5% per month. Timely filing is crucial to claim deductions and avoid penalties up to 300% for tax evasion, ensuring compliance and maximizing tax benefits.

Important Notice: No Extension for I.T.R Filing Deadline – Stay Informed!

The Income Tax department has alerted the public about false information that appeared in a well-known newspaper in Gujarat. According to the department, a screenshot of the news is being shared on social media, asserting that the deadline for e-filing of ITR has been prolonged until August 31, 2024. The department has clarified that this claim is untrue and that the deadline to file ITR for FY2023-24 is July 31, 2024.

Officials have consistently reminded taxpayers to stay informed through official communication channels, breaking down various rumors circulating in social media about possible extensions.

According to the Income Tax website, “Taxpayers facing any technical problem related to filing may reach out to our tollfree helpdesk numbers (1800 103 0025 or 1800 419 0025) or [email protected]”.

FAQs

1. What happens if I miss the July 31 ITR filing deadline?

If you miss the July 31 deadline, you can still file a belated return until December 31. However, this will incur penalties under Section 234A and Section 234F. Late filing can incur a fixed penalty of Rs 5,000, with additional interest on outstanding taxes if applicable.

2. Will there be an extension of the ITR filing deadline this year?

It is highly unlikely that there will be any extension, as the number of Income Tax Returns (ITRs) filed per day has already crossed 15 lakh as of July 16 and is expected to increase daily as the July 31, 2024 due date approaches. The Income Tax Department has clarified that the claim of extension until August 31, 2024 is untrue.

3. What technical issues are taxpayers facing while filing ITR?

Taxpayers are facing various technical issues on the e-filing portal, including problems with Aadhaar-based OTP authentication, slow page loading, upload errors, difficulty in accessing Form 26AS, AIS, and TIS, discrepancies in pre-filled data, restricted options to submit responses in AIS and TIS, difficulty in resetting password, generating challan for payment of tax, error messages popping up during submission of return, difficulty in filing and e-verifying the return of income.

4. What should I do if I face technical issues while filing ITR?

If you are facing any technical problem related to filing, you may reach out to the Income Tax Department’s tollfree helpdesk numbers (1800 103 0025 or 1800 419 0025) or email them at [email protected]. It’s advisable to complete your filing well before the due date to avoid potential problems.

5. What are the consequences of not filing ITR on time?

Missing the income tax return filing deadline of July 31 not only leads to payment of penalty of up to Rs 5,000, but there are other benefits as well that an individual loses if the income tax return is filed after the expiry of deadline (i.e. belated ITR). Timely

C.K. Gupta

Hello, I am C.K. Gupta Founder of Taxgst.in, a seasoned finance professional with a Master of Commerce degree and over 20 years of experience in accounting and finance. My extensive career has been dedicated to mastering the intricacies of financial management, tax consultancy, and strategic planning. Throughout my professional journey, I have honed my skills in financial analysis, tax planning, and compliance, ensuring that all practices adhere to the latest financial regulations. My expertise also extends to auditing, where I focus on maintaining accuracy and integrity in financial reporting. I am passionate about using my knowledge to provide insightful and reliable financial advice, helping businesses optimize their financial strategies and achieve their economic goals. At Taxgst.in, I aim to share valuable insights that assist our readers in navigating the complex world of taxes and finance with ease.