Audit Companion

Supports all your audit needs

Monday, 1 August 2016

Due date Extended to August 5 , 2016

No comments :

Due date for filing Income Tax Returns for A Y 2016-17 / 2015-16

It a relief to the Last limit Rushers, they got some time for filing the IT returns with in extended time.

The Department of Revenue, Ministry of finance of Government of India - Has extended the Date of IT filing to 5th August, 2016. (Actual Due Date is 31st July, 2016 - as per Act, In general )

Reason for Extension of due date as given by the Concerned department is - due to Bank strike on 29th July, 2016 (Friday) and the 31st July, 2016, being a Bank Holiday, In order to avoid any inconvenience to the taxpayers while making payment of taxes pertaining to returns of Income for assessment Year - 2016-17.

For the state of Jammu and Kashmir the due has been extended to 31st August, 2016 ( Actual is 31st July, 2016) - the reason is Due to Ongoing Turmoil in the state.

Section That deals with Due date is - section 139(1)

Due date :
In the above mentioned case the persons who are not subject to audit are required to file with 31st July of the assessment year.

If Person is liable for audit ( as per IT act or Other Act) is required to furnish the Return with in 30th sept, of Assessment Year.

For Original Notification Click Here (Click on "download through your  browser" in the download window to begin the download)

For Income Tax site Click Here