CA in Jaipur | CA. Yogesh Jangid |ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases | https://www.nyca.in ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases Thu, 18 Jul 2024 05:43:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://www.nyca.in/wp-content/uploads/2022/08/9060CA_logo_icai-1.jpg CA in Jaipur | CA. Yogesh Jangid |ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases | https://www.nyca.in 32 32 ITR Due Date Extension AY 2024-25: Will Income Tax Return Filing Deadline Be Extended? https://www.nyca.in/itr-due-date-extension-ay-2024-25-will-income-tax-return-filing-deadline-be-extended/ https://www.nyca.in/itr-due-date-extension-ay-2024-25-will-income-tax-return-filing-deadline-be-extended/#respond Thu, 18 Jul 2024 05:43:59 +0000 https://www.nyca.in/?p=12520 As the July 31 deadline for filing Income Tax Returns (ITR) nears, learn about the concerns raised by taxpayers and professionals regarding technical glitches on the income tax e-filing portal. Discover if the Income Tax Department will extend the deadline and how it impacts tax filing for AY 2024-25.

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As the July 31 deadline for filing Income Tax Returns (ITR) approaches, there is growing concern among taxpayers and professionals regarding technical issues on the income tax e-filing portal. Here’s a breakdown of the situation:

Background:

  • ICAI’s Request: The Institute of Chartered Accountants of India (ICAI) has formally requested an extension of the ITR filing deadline beyond July 31. They highlighted widespread technical glitches on the e-filing portal, hindering smooth tax filing processes.
  • Taxpayer Concerns: Many taxpayers have voiced their grievances on social media, citing difficulties in accessing Form 26AS and facing discrepancies in tax-related statements (AIS/TIS). They argue that the Income Tax Department should have anticipated and prepared better for the surge in e-filing activities.
  • Previous Instances: This is not the first time such issues have been reported. In previous years, taxpayers faced similar challenges due to portal malfunctions, leading to delayed filings and compliance issues.

Income Tax Department’s Response:

  • The Income Tax Department acknowledged the existence of technical issues on the e-filing portal but did not provide a specific timeline for resolution.

ICAI’s Concerns:

  • ICAI highlighted specific challenges, including difficulties in accessing Form 26AS/AIS/TIS and discrepancies in reported figures. They also noted limitations in response options on the AIS/TIS portal, affecting accurate reporting of taxpayer information.
  • Additionally, ICAI mentioned instances where updates made in AIS did not promptly reflect in TIS, complicating the filing process for taxpayers.

Technical Glitches Reported:

  • Technical glitches reported include continuous buffering during form filling processes and mismatches between pre-filled data in ITRs and data as per Form 26AS.

Conclusion:

Given the widespread impact of these issues on taxpayers and tax professionals, the call for an extension to the ITR filing deadline beyond July 31 remains under consideration by the Income Tax Department.

For more details, please refer to the original source: Financial Express.

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