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News INCOME TAX

  • Jul 30, 2024
  • Tax practitioners request CBDT to extend income tax filing deadline to August 31

    The All-India Federation of Tax Practitioners (AIFTP) has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing Income Tax returns to August 31 for the assessment year 2024-25.

    In their memorandum, AIFTP national president Narayan Jain and Direct Tax Representation Committee chairman S. M. Surana highlighted that recent floods in several states and landslides in Uttarakhand and Himachal Pradesh have severely disrupted the filing process.

    They also noted ongoing issues with the Income Tax portal and software, including difficulties with downloading and verifying forms.

    Additionally, they pointed out that paying self-assessment tax through banks and downloading challans is a time-consuming process.