Income Tax Return and Audit report - No Extension of Due Date - Fake Order Circulating

By Vijay Kumar

IT has been brought to the notice of the Government that a fake order dated 26th September 2015 supposedly under section 119 of the Income-tax Act 1961 under the signature of one Upmanyu Reddy, Under Secretary to the Government of India is in circulation. The fake order extends the due date for filing of audit report under section 119 of the Income-tax Act to 15 October 2015.

The Government clarifies that the order is fraudulent.The Government has not extended the due date for filing of returns and audit report due by 30th September 2015. Tax payer and practitioners are advised not to give any credence to the fraudulent order purportedly signed by one Upmanyu Reddy.

A delegation of chartered accountants led by the President of the Institute of Chartered Accountants of India (ICAI) met the Finance Minister on 22.09.2015 and requested him to extend the due date of filing return of income as well as the tax audit report under section 139 of the Income-tax Act, 1961 falling due on 30th September, 2015 to 31st October, 2015.

Though the Finance Minister has assured to look into the matter, the Institute has advised its members to put in their best efforts to comply with the prescribed due date i.e. 30th September, 2015.