Wednesday, September 9, 2015

No extention of due date for filling Tax Audit and ITR for the AY 2015-16 - CBDT

CBDT has given a press release today that the last date for filing of returns due by 30th September 2015 will not be extended. Taxpayers are advised to file their returns well in time to avoid last minute rush.

The Government has received representations from various stakeholders seeking extension of date for filing of returns and tax audit reports beyond 30th September 2015. Income-tax returns for Assessment Year 2015-16 for companies, firms and individuals engaged in proprietary business/profession etc whose accounts are required to be audited, are to be filed by 30th September, 2015. The audit report is also required to be filed by the said date. 

AS per CBDT the Income-Tax Returns Forms 3,4,5,6 and 7 were notified for Assessment Year 2015-16 on 29.07.2015 and were e-enabled on the e-filing website of the Department from 7th August 2015. 

The taxpayers having either international transactions or specified domestic transactions are required to file their returns by 30th November 2015 only.