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Quote of the Day: "Greatness comes by doing a few small and smart things each and every day... it comes from taking little steps, consistently"

Wednesday, 14 February 2018

Alert: Get your ITR filed before 31st March 2018 for FY 2015-16 & FY 2016-17



You might have received notice from IT Department saying:
Greetings from Income Tax Department.
It is observed that you have not filed the Income Tax Return for ABCDEXXXXF for AY 2017-18.
Therefore, it is advised that you may ascertain your tax liability for AY 2017-18 and file your Income Tax Return (ITR) without any further delay. Last date to file your return for AY 2017-18 is 31st March 2018. However, you are advised to file the Income Tax Return much before the last date to avoid last minute rush.
Please note that the law has changed and ITR for AY 2017-18 CANNOT be filed beyond 31st March 2018.
Please also link your PAN with Aadhaar on the e-Filing website. If your mobile is already linked with Aadhaar, then you can e-verify your ITR using Aadhaar OTP. e-Verification is Simple and Easy, you can e-Verify your return through NetBanking / Pre-Validated Bank Account / Bank ATM / Pre-Validated Demat Account. No need to send ITR-V to CPC Bangalore if you e-verify. To know more on e-Verification click here.
In case you require any assistance in filing of Income Tax Return, please visit www.incometaxindiaefiling.gov.in or call on 1800 103 0025.
Disclaimer: Please ignore this email if you have already filed the IT Return for AY 2017-18.


The maximum time period to file the Income Tax Return is 31st March' 2018 for the Financial Year 2015-16 and 2016-17
Position after amendment of Section 139(4) by the Finance Act' 2016: Any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
Hence, get the Income Tax Return filed for the Financial Year 2015-16 and 2016-17 to avoid any adverse consequences of non-filing of the income tax return.

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