The Income Tax Department has announced an extension on the deadline to file income tax returns. The new return filing deadline for FY 2016-17 (AY 2017-18) is 5 August 2017. The extension was announced today from the previous deadline of 31 July 2017.
The e-filing deadline is important and you should file your income tax returns before the deadline to:
- Carry forward losses from previous years
- Avoid paying interest on tax due
- Claim a full tax refund without loss of interest
Make sure you e-file income tax returns right away, even if the deadline has been extended, to avoid any last minute rush. Log in to your ClearTax account and finish e-filing in a matter of minutes.