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Heres all you should know about filing Income Tax Return before March 31
March, 28th 2018

As the Financial Year is coming to an end, just a few days are left to file your income tax (IT) return as well. All the tax payers are required to file their return needs by March 31, the last day of the ongoing Financial Year. Moreover, March 31 is the deadline to file revised returns for Assessment Year 2016-17.

The Finance Ministry earlier this month had said that to make the filing of Income Tax returns easier and completion of the related work, all income tax offices and Ayakar Seva Kendras all over the country shall remain open from March 29 to 31.

Though the deadline for filing ITR is July 31 in the assessment year for the preceding year, there might be cases where tax payers skipped filing their income tax returns within the predefined time limit. In such cases, they are eligible to file the belated income tax returns by March 31.

Thus, the individuals who missed filing their tax returns for the financial years 2015-16 and 2016-17 are eligible to file the belated returns before April 1, 2018.

Even if you have paid the income tax of these financial years, you can still file for the returns. You can file your ITR on the income tax department's official website -

Though March 29 and March 30 are government holidays because of Mahavir Jayanti and Good Friday, respectively and March 31 is the last day of the 2017-18 financial year. Thus, banks too will also be shut from March 29 to 30.

From April 1, a several income tax changes announced of the Budget 2018-19 will come into effect, impacting many taxpayers.

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