Over 5.5 Crore Returns Filed So Far On Final Day

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The numbers are anticipated to be revised because the submitting window closes at midnight in the present day. Round 50 lakh filings had been made on Saturday alone.

As of Sunday 6 p.m., the overall filings on the earnings tax portal have touched 5.5 crore with no information from the ministry concerning any extension.

Final week Tarun Bajaj informed PTI that there was no plan to increase the submitting date.

“Folks thought the routine now could be that dates shall be prolonged. So that they had been a bit gradual in filling the returns initially however now each day, we’re getting between 15 lakhs to 18 lakh returns. This can barely go as much as 25 lakh to 30 lakh returns,” he informed PTI.

Representations for extensions have been made on the microblogging website and through letters to the chairman of the CBDT by people and trade our bodies alike. The requests come as a number of customers took to Twitter to precise their difficulties with glitches within the Earnings Tax portal. A majority of the returns are filed within the final week of due date, taking a heavy toll on the servers.

Filings made previous the due date shall be levied a fantastic as much as Rs 5,000 if the returns are filed by the tip of the yr.

The part 234F of the Earnings Tax Act states that late filers could be levied a late price of Rs 5,000 if their annual earnings of over Rs 5 lakh and so they file their returns by December 31 of the evaluation Yr. The late price can go as much as Rs 10,000 if the ITR is filed after Dec. thirty first however earlier than March 31 of the Evaluation Yr.

These with an annual earnings beneath Rs 5 lakh shall be responsible for a late price of Rs 1,000.

The division has been tweeting the previous week, urging tax payers to not wait until the final date and responding to the complaints of tax filers on twitter and through helplines.





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