Deadline for income tax returns filing extended
The Central Board of Direct Taxes (CBDT) has extended the 'due date' of filing of income tax (I-T) returns for the assessment year 2012-13 to August 31. The last date of filing of returns was July 31.business Updated: Aug 01, 2012 01:30 IST
The Central Board of Direct Taxes (CBDT) has extended the 'due date' of filing of income tax (I-T) returns for the Assessment Year 2012-13 to August 31. The last date of filing of returns was July 31.
The collapse in power grids affecting electricity supply in 20 states, adversely affected the online filing of I-T returns. A large number of individual taxpayers as well as tax consultants complained of either failure or delay in filing of returns on Tuesday.
The e-filing of returns for a specified category of individuals and Hindu Undivided Family (HUF) has been made mandatory.
"The CBDT has extended the 'due date' of filing of returns of income for the Assessment Year 2012-13 to August 31," an official release said.
The board has also relaxed the compulsory e-filing of returns for representative assessees of non-residents and in the case of private discretionary trusts, if the total income exceeds Rs 10 lakh.
"Considering the difficulties faced by agents of non-residents in electronically furnishing the returns, due to more than one agent for different transactions or a person in India may be an agent of more than one non-resident, now e-filing is no more mandatory for this category," an I-T official said.
Presently, the e-filing software functions on the basis of principle of one assessee-one PAN-one return.