Tuesday, July 31, 2012

Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012

On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and HUF has been made mandatory, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income Tax Act, 1961, has extended the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012. This has been done in respect of assesses who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961 .

1 comment:

Income Tax said...

Efiling has very much simplified the process of filing of taxes. If you understand the laws and have your data correct then you can easily file in half an hour. I think this is very good move by IT department and even if you are not in the category for which efiling is now made mandatory you should consider doing it online as you are saved a lot of headaches.