Extension of due date of filing return of income for Assessment Year 2015-16

By Vijay Kumar

THE Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961 has extended the 'due-date' for filing Returns of Income, in terms of clause (c) of Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961, for Assessment Year 2015-16 from 31st July, 2015 to 31st August, 2015 in respect of income tax assessees concerned.

"due date" means,-

(a) where the assessee other than an assessee referred to in clause (aa) is-

(i) a company;or

(ii) a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force;or

(iii) a working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force,

the 30th day of September of the assessment year;

(aa) in the case of an assessee who is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year;

(b) in the case of a person other than a company, referred to in the first proviso to this sub-section, the 31st day of October of the assessment year;

Those who are required to file the return by 31st July 2015 can file it by 31st August 2015. The CBDT is yet to notify the revised forms.

CBDT Order under section 119., Dated: June 10, 2015