New Delhi: Tomorrow is the last date for filing income tax returns. The central government has informed that extending the date is not under consideration.
It is not clear whether there will be a last-minute change in this. The date was extended in previous years.
Individuals and monthly salary earners are mainly required to submit returns. If the return is not filed within the time limit, the penalty will be charged. Also, you may have to face other difficulties related to financial transactions.
Revenue Secretary Tarun Bajaj had earlier informed us that everyone is expected to submit their returns before July 31. Last year, 5.89 crore people filed returns.
Many people file returns at the last minute. Last time around ten percent returns were filed on the last day. Tarun Bajaj said that this time the department expects that the return may reach up to 1 crore at the last minute.
