The Central Board of Direct Taxes (CBDT) plans to extend crucial deadlines for submitting income-tax returns (ITRs), even though the business has perked up since Infosys resolved issues with the new ITR site. The deadline extension occurs as a result of the taxpayers’ difficulties.
More than 4 lakh ITR returns have been filed each day for the previous four days, compared to a two-day filing halt on August 21. Given the circumstances, the Centre will extend major return-filing dates, providing taxpayers with enough time to submit ITRs.
Over 8 million ITRs for FY21 have been filed, accounting for about 14% of all reports issued by the end of FY20. The CBDT is also anticipated to release daily filing data for the new portal.
The deadline for reporting ITRs by salaried persons and those whose accounts need to be audited has been extended from July 31 to September 30.
The deadline for filing tax audit cases has been pushed up from September 30 to November 30.
Meanwhile, Finance Minister Nirmala Sitharaman has given Infosys, the company that was granted the Rs 4,242 crore contract to create the new platform, till September 15 to fix the technical issues.