Today is the last date for Return Filing for the Assessee Including Individual, HUF, partnership Firm Etc whose Accounts are not required to be audited under the Income Tax Act or any other law and also for a working partner of a firm whose accounts are not required to be audited under the Income Tax Act or any other law.Online GST Certification Course by TaxGuru & MSME- Click here to Join
This Year Department has made E-Filing Compulsory For All the Individual and HUF whose Total Income Exceeds 5 Lakh. Last Year This Limit was Rs. 10 Lakh. This decrease in Limit resulted in more Rush on Income tax E-filing website which slowed down the e-filing website and people found it difficult to upload the ITR. Even as per department estimate in Peak hours E-Filing rate was 85000/- returns per hour.
Do Share your views by way of comments below the Post on the question that do you think CBDT extend the Due Date of Return Filing and if yes, why?