Sunday, 11 September 2016

Due date for filing Income Tax return extended

As we are aware that the last date for making declaration under the Income declaration scheme 2016 is 30th September, 2016 which coincides with the last date of filing Income-tax returns by tax payers whose accounts are audited and who are required to furnish the returns of Income for A.Y. 2016-2017 by 30th September 2016 as per provisions of Section 139(1) of IT Act, 1961.

On 9th September, 2016 an order under Section 119 of the Income Tax Act, 1961 was passed by the Central Board of Direct Taxes, to remove the inconvenience and to facilitate ease of compliance the due date for furnishing such returns of Income from 30th September,2016 to 17th October, 2016, in case of tax payers who are liable to furnish their returns by the said due date.

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