Nearly 2 crore ITRs filed: Why taxpayers shouldn't count on a deadline extension after July 31
Over 1.97 crore income tax returns (ITRs) had been filed as of July 20, with a target of 7 crore by the July 31 deadline.
Tax experts warn that relying on a deadline extension is risky due to no formal announcement and past last-minute extensions causing chaos.
The Income Tax Department portal may slow down or crash near the deadline, leading to filing errors and penalties.
Taxpayers filing after the July 31 deadline will face a late fee of up to ₹5,000 for returns after December 31.
Prompt ITR filing is advised to avoid last-minute glitches, errors, penalties, and refund delays.
Story angle
Center-right
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Moneycontrol
Center-right
Mixed factuality
