INSUBCONTINENT EXCLUSIVE:
The Income Tax Department has extended the last date to file income tax returns (ITRs) for assessees required to be audited
The Central Board of Direct Taxes (CBDT) - the apex policymaking body of the Income Tax Department - decided to extend the due date for
filing of income tax returns and tax audit reports in such cases from September 30 to October 31, the taxman said on Twitter late on
The Income Tax Department said the decision follows representations received from across the country
( Not paying tax? Income Tax Department will call you soon)The new deadline of October 31 is applicable to special cases requiring audits
ITR filing? All you need to know)Such income tax returns are filed by entities assessed under Section 44AB of the Income Tax Act
These entities - including companies, partnership firms and proprietorships - require their accounts to be audited before filing of returns
Department had in July this year extended the deadline for assessees to file their returns towards the income earned in financial year
2018-19 (assessment year 2019-20)
That deadline was applicable to all taxpayers who were originally required to file their income tax returns by July 31, and did not include
those required to undergo an audit.Get Breaking news, live coverage, and Latest News from India and around the world on
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