The deadline to file an Income Tax return (ITR) is July 31, and the government isn't keen to extend the timeline any further. Taxpayers should file their ITRs before the due date to avoid paying penalties or other legal consequences. Over the last two financial years, the government extended the deadline for filing ITR to ease compliance for taxpayers battling the Covid-19 pandemic. However, the situation is different this year as the Centre isn't considering extending the deadline, a step to be seen for the first time in three years. "So far, there is no thinking of extending the last date of filing," Revenue Secretary Tarun Bajaj said last week.
The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official said on Friday.
According to Income Tax rules, the deadline for ITR filing of a fiscal by individual taxpayers who don’t need to get their accounts audited is July 31 of the subsequent financial year.