Tax practitioners are in favour of an extension in the last date of filing of tax return by one month.
The All India Federation of Tax Practitioners (AIFTP), an association of advocates, chartered accountants and tax professionals, has sent a memorandum to the chairman, Central Board of Direct Taxes, urging that the last date of filing of income tax returns be pushed back to August 31 from July 31.
Narayan Jain, national president of AIFTP, and S.M. Surana, chairman of the direct tax representation committee, pointed to several issues, including slow functioning of the income tax portal, difficulty in downloading Form 26AS, AIS (annual information statement), TIS (taxpayer information summary) for verification.
Further, payment of self-assessment tax and downloading of challan also takes time. These are in addition to the natural calamities that have affected taxpayers in various parts of the country.
“The utility has once again changed on 27.7.2024 for ITR 1 to ITR 4. This will require changes in the software which will take a little time,” said the association.
More than 5 crore returns have already been filed for assessment year 2024-25 through the e-filing portal, the IT department has said on X. Infosys, which is the technology partner of the department for operating the e-filing portal, has been instructed to ensure uninterrupted services.
Direct Tax Professionals’ Association on Monday said it will hold its annual conference on August 3, 2024.
