Income Tax Department Considers Extending ITR Filing Deadline Beyond July 31

The department recently stated that there will be no deadline extension for filing tax returns this year. Taxpayers are urged to file on time to avoid penalties and last-minute issues.

Despite reaching a milestone of 5 crore Income Tax Returns, reports of glitches in the tax filing portal have surfaced, including problems with generating OTPs and claiming rebates. Chartered accountant bodies have requested a deadline extension due to these challenges.