Extension in Due date of filing of IT Returns

Yes. Good News for all of us.

Press Release
The Central Board of Direct Taxes (CBDT) has decided to extend the due
date of filing of income tax returns to 4th August 2010 for taxpayers for whom
the due date ends today, which is 31st July 2010. All paper returns or e-returns
filed on or before 4th August 2010 will be considered as filed within the due
date.

The decision was taken in view of some technical snags in the e-filing
computer system, and inclement weather at various locations, due to which
taxpayers have reported difficulties in filing or uploading income tax returns.