Only 2 working days have left for the end of the financial year 2016-17. Although the Reserve Bank of India has directed banks to remain open on all days till April 1, 2017 to facilitate government receipt and payment functions including collection of taxes, for a taxpayer, the March 31 deadline remains sacrosanct as all tax related tasks need to be completed by then
If you are one of those taxpayers who has not filed income tax returns (ITRs) in time, March 31 could be the last date for some of you, depending on the FY that you wish to file for. Archit Gupta, Founder & CEO, ClearTax.com, says, “In one financial year, you can file your IT returns for the previous two financial years. So, in FY 2016-17, you can file returns for FY 2015-16 and FY 16-17. Returns for FY 2014-15 cannot be filed after March 31, 2017.” ..