As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016- 2017 from 31st July, 2016 to 5th July,2016 , in case of taxpayers throughout India who are liable to file their Income-tax by 31st July, 2016.

This extension is given in order to avoid any inconvenience to the taxpayers while making payment of taxes pertaining to returns of income for Assessment Year 2016- 2017 by 31st July, 2016 due to reports of Bank strike on 29th July,2016(Friday) and 31st July,2016 (Sunday), being a Bank-Holiday .

Return filing deadline extension provides administrative relief to taxpayers facing bank service disruptions and coincident bank holidays. An extension of due date for filing income tax returns for assessment year 2016 2017 postpones the statutory deadline from the original late July date to a later early August date to accommodate taxpayers unable to make payments or file on time due to reported banking service disruptions and coincident bank holidays, providing administrative relief to facilitate compliance with filing and payment obligations.