Wednesday, 1 October 2014

The Central Board of Direct Taxes has Extended the Last Date

September 27, 2o14, New Delhi: CBDT, the Central Board of Direct taxes has extended the last date for filing Income Tax returns to November 30 from the previously stated September 30 in certain cases.
This relief is granted to people who are required to file their income tax return by September 30 and also have to get their accounts subjected to a tax audit.
This decision from CBDT is in sync with its August 20 move to extend the September 30 due date to November 30.
Although the tax audit report furnishing date is extended, there is no word on extending the return fillings date. This has caused a few practical difficulties for the assessees.
The credit for this decision goes to Gujrat High Court. However, CBDT has clarified that there will be no further extension of the due date for the purpose of charging od interest under Section 224A of the Income Tax for late filling of income tax returns.
For the non-tax audit assessees, the last date fot filling of income tax remains the same i.e. September 30.

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