Skip to main content

Last date for e- filing of I- T return extended to September 7

The income tax department has extended the deadline for online filing of returns for the 2015- 16 assessment year by seven days ( till September 7), as e- filing services went slow on the earlier deadline of August 31. However, sources said servers at Bengalurus Central Processing Centre ( CPC), where the e- filing forms are being processed, were working fine that day.

An official statement said, “ The Central Board of Direct Taxes ( CBDT) has extended the due date for e- filing of returns of the income tax from August 31 to September 7.” Some of those filing returns on August 31 said “ system error” was showing up on the screen of their computers when they tried to file the returns.

The government has received representations from tax payers, saying they had faced difficulties in e- filing of returns due to slowing of certain e- services.

Taking these complaints into account, CBDT has extended the deadline.

Sources said the system had slowed down due to heavy traffic on the last day of filing on the front- end of the department. However, back- end at Bengaluru is working quite fine.

The department has notified a new set of ITR forms, including a three- page simplified one. The tax- payer base in the country is just over forty million. From the assessment year 2015- 16, any assessee filing ITR 1, 2, 2A having a refund claim or having total income of more than Rs5 lakh is required to file returns. 


Business Standard, New Delhi, 03 September 2015

Comments

Popular posts from this blog

Data storage norm splits digital payments industry

Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...

Offer’s for all of you

Great Bumper Dhamaka Offer’s for all of you... It's Time to see your Business Online, WebeCreator Offer Website Designing with domain & Email @ nominal charges. For a year For More information visit us http://goo.gl/KlpppF call on 9890151261/9773197533  drop a mail to sales@webecreator.com

Sebi to finalise options in commodities today

The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...