The Income Tax Department has NOT extended the last date to file your income tax returns. Contrary to reports and other such speculations, the last date to file your ITR documents remains Wednesday - July 31.
The Income Tax Department under the Government of India has confirmed that there will be no extension for the deadline for ITR filing.
The government body also warns of fake news on social media and stated that no announcement of an extension has been made by the respective offices.
All Indian taxpayers must adhere to the deadline of July 31 and file their returns on time. Missing Wednesday's deadline could result in a series of fines and penalties such as -
Loss of benefits under the old tax regime.
Automatic shift to the new tax regime.
Late filing fee of ₹ 5,000 (Rs 1,000 for income below ₹ 5 lakh)
Interest on outstanding tax at one per cent per month
No carry forward of losses to offset against future income
ITR Filing Last Date - Documents Needed
Bank TDS certificates
Bank account statements
Aadhaar and PAN. (Both these documents must be linked to one another)
Form-26AS
Annual Information Statement (AIS)
For salaried employees, salary slips of the past financial year, Form 16 (Part A and B), Rent receipts and other relevant documents must be attached when filing your income tax returns.
