oppn parties IT Return Filing Deadline Might Not Be Extended

Story Of The Day

Assessee Not Responsible For Ensuring TDS Is Paid To The Government: Delhi HC
OPINIONS : Strongly Expressed

January 22, 2025

People Are Talking About

Rohit Warns Sarfaraz, Police Use It To Warn Two-Wheeler Riders

News Snippets

  • Sikh extremists attacked a cinema hall in London that was playing Kangana Ranaut's controversial film 'Emergency'
  • A Delhi court directed the investigating agencies to senstize officers to collect nail clippings, fingernail scrappings or finger swab in order to get DNA profile as direct evidence of sexual attack is often not present and might result in an offender going scot free
  • Uniform Civil Code rules cleared by state cabinet, likely to be implemented in the next 10 days
  • Supreme Court reiterates that there is no point in arresting the accused after the chargesheet has been filed and the investigation is complete
  • Kolkata court sentences Sanjoy Roy, the sole accused in the R G Kar rape-murder case, to life term. West Bengal government and CBI to appeal in HC for the death penalty
  • Supreme Court stays criminal defamation case against Rahul Gandhi for his remarks against home minister Amit Shah in Jharkhand during the AICC plenary session
  • Government reviews import basket to align it with the policies of the Trump administration
  • NCLT orders liquidation of GoAir airlines
  • Archery - Indian archers bagged 2 silver in Nimes Archery tournament in France
  • Stocks make impressive gain on Monday - Sensex adds 454 points to 77073 and Nifty 141 points to 23344
  • D Gukesh draws with Fabiano Caruana in the Tata Steel chess tournament in the Netherlands
  • Women's U-19 T20 WC - In a stunning game, debutants Nigeria beat New Zealand by 2 runs
  • Rohit Sharma to play under Ajinkye Rahane in Mumbai's Ranji match against J&K
  • Virat Kohli to play in Delhi's last group Ranji trophy match against Saurashtra. This will be his first Ranji match in 12 years
  • The toll in the Rajouri mystery illness case rose to 17 even as the Centre sent a team to study the situation
Calling the case not 'rarest of rare', a court in Kolkata sentenced Sanjay Roy, the only accused in the R G Kar rape-murder case to life in prison until death
oppn parties
IT Return Filing Deadline Might Not Be Extended

By Ashwini Agarwal
First publised on 2022-07-25 15:06:37

The Centre has rightly taken the stand of not extending the deadline (31st July) for filing income tax returns for salaried and other individual tax payers whose accounts are not needed to be audited. For the last two assessment years, the deadline was being extended due to the disruptions caused by the pandemic. Before 2020 too, sometimes the government used to extend the deadline after receiving representations from individuals and tax professionals. But this cannot be made a practice and taxpayers have to learn to file their tax returns within time or be ready to pay stipulated penalty.

The financial year ends on 31st March every year. From April to July, four months is enough time for the salaried and individual tax payers whose accounts need not be audited to get their accounting affairs for the last financial year in order and file their tax returns. The government cannot encourage them to be lax by extending deadlines. Filing of income tax return in time is the prime duty of the taxpayer and when all accounts are available with them, it is just plain laziness that prevents them from doing the needful in four months.

The government must remain strict this year, more so as the glitches in the income tax portal that resulted in a huge hue and cry last year have all been taken care of and the filing of returns is much smoother this year. Also, till now there have no reports of the tax portal not being accessible or throwing up vague responses. Tax payers who have filed their returns are happy with the experience and those who haven't must do so before 31st July rather than expect the government to extend the deadline. If one has all the papers at hand, it does not take more than 30 minutes to file the return if one is filing ITR-1 and not more than 45 minutes to one hour if other ITR forms are being filed. The process is even shorter if one is taking the help of a tax professional or one of the many financial portals. So there is no excuse for delaying the task. 

Other Stories You Make Like

Editorials

Turmoil In Mollywood

Turmoil In Mollywood

NDA 3.0: Coalition Dharma

NDA 3.0: Coalition Dharma

In Depth

Supreme Court Gets Strict On Child Pornography

Supreme Court Gets Strict On Child Pornography

Editor's Pick

Budapest Chess Olympiad: India Are World Team Champions

Budapest Chess Olympiad: India Are World Team Champions
© 2014 India Commentary. All rights reserved.