Income Tax department to open additional receipt counters, keep offices open on Thursday, Friday, Saturday
As the due date for filing income tax returns comes closer, the Income Tax department will keep its offices across the county open
As the due date for filing income tax returns comes closer, the Income Tax department will keep its offices across the county open on Thursday (29 March), Friday (30 March) and Saturday (31 March) in order to receive returns from taxpayers.
The financial year 2017-18 closes on 31 March, 2018. There are two closed holidays – 29 March for Mahavir Jayanti and 30 March for Good Friday.
The last date for filing belated returns for assessment years 2016-17 and 2017-18 and revised returns for the assessment year 2016-17 is 31 March, 2018.
An order issued by the Board today said that “to facilitate the filing of income tax returns and completion of pending departmental work, all Income Tax Offices throughout India shall remain open on 29th, 30th, and 31st March 2018. The ASK Centers shall also be kept open on these days. Further, special arrangements may also be made by way of opening additional receipt counters, wherever required, on 29th, 30th and 31st March 2018 to facilitate the filing of returns by the taxpayers.”
If you miss the 31 July deadline, you can still file your tax returns till 31 December this year but with a late fee. Rs 1,000 for taxpayers whose annual income is up to Rs 5 lakh. If their income is over Rs 5 lakh, taxpayers will have to pay Rs 5,000
Bank of Baroda has introduce a mandatory 'Positive Pay System', or PPS, for cheques issued for amounts Rs 5 lakh and above
The Income Tax Department conducted a search of Shivakumar's properties in Karnataka and Delhi on 2 August 2017