Monday, 19 September 2016

CBDT Extends Due Date For Filing Of Income Tax Returns

As per section 139(1) read with section 44AB of the Income Tax Act, 1961 the due date for filing of Income Tax Returns and Tax Audit Reports by  companies and others, including charitable trusts and societies required to get accounts audited under Income Tax Act, 1961, is 30th September 2015 for the Financial Year 2015-16. 

However, taking into consideration that the last date for making declarations under the Income Declaration Scheme 2016 is also 30th September, 2016, the Central Board of Direct Taxes (CBDT) has decided to extend the last date for such Income Tax Returns and Tax Audit Reports which were due on 30th September, 2016 to 17th October, 2016 in order to remove inconvenience and to facilitate ease of compliance.

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