The Union finance ministry mentioned on Friday there isn’t any proposal to increase the due date for earnings tax return (ITR) submitting. The final date to file for earnings tax return is at present, December 31, 2021.
“By 3pm at present, 5.62 crore returns had been filed in complete. In the present day, greater than 20 lakh returns have been filed. This yr, 60 lakh extra returns have been filed,” mentioned income secretary Tarun Bajaj whereas making the announcement.
The assertion is available in response to speculations that the tax deadline could possibly be prolonged as soon as once more for the monetary yr ending March 2021, following a letter by home merchants physique Confederation of All India Merchants (CAIT) earlier this week.
The deadline for ITR submitting was earlier prolonged for 5 months until December 31.
In the meantime, responding to questions on the continued tax raids, Union finance minister Nirmala Sitharaman mentioned that when regulation imposing companies conduct search operations, they go solely with actionable intelligence.
“How does Uttar Pradesh’s former chief minister (Akhilesh Yadav) know that that is BJP’s cash? Is he the associate? Is he scared,” Sitharaman mentioned on the sidelines of a press convention of the GST council assembly.
Earlier within the day, the Earnings Tax division raided a number of premises linked to sure fragrance merchants in Uttar Pradesh, together with Samajwadi Occasion MLC Pushparaj Jain, in Kannauj.
Searches are being carried out in Kannauj, Kanpur, NCR, Surat, Mumbai amongst a complete of 30-40 premises, officers mentioned.
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