CA Professionals Urge Government to Extend Deadline as Over 6.5 Crore ITRs Filed for AY 2023-24
The deadline for filing Income Tax Returns (ITR) for the assessment year 2023-24 is set for July 31, but amid technical glitches and the havoc caused by heavy rainfall in several Indian states
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The deadline for filing Income Tax Returns (ITR) for the assessment year 2023-24 is set for July 31, but amid technical glitches and the havoc caused by heavy rainfall in several Indian states, a growing number of Chartered Accountants (CA) professionals are advocating for an extension of the deadline.
As the deadline approaches, taxpayers across the country rush to file their ITRs. However, this year, many individuals and professionals have faced challenges due to technical issues on the Income Tax Department's online portal. The glitches have resulted in delays and frustrations for taxpayers, making it difficult for them to submit their returns on time.
Additionally, several Indian states have been grappling with the devastating impact of heavy monsoon rains, leading to widespread flooding and destruction. The calamitous situation has severely disrupted normal life in these regions, hindering people's ability to manage their affairs, including the timely filing of ITRs.
In light of these difficulties faced by taxpayers and CA professionals, there is a growing demand for the government to extend the ITR filing deadline. The hope is that an extension will provide much-needed relief to individuals who are currently struggling to meet the original cutoff date.
The July 31 deadline has been a longstanding tradition for ITR filings, and taxpayers typically plan their financial affairs accordingly. However, exceptional circumstances this year have made it challenging for many individuals to fulfill this obligation on time. An extension of the deadline is seen as a practical solution that would offer taxpayers a fair opportunity to meet their tax responsibilities without added stress and anxiety.