On consideration of the reports of disturbance of general life caused due to floods and heavy rains, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the due date of filing of returns of income for the Assessment Year 2010-11 from 30.09.2010 to 15th October 2010. Accordingly the due date for Tax Audit report u/s. 44AB of the Income Tax Act is also extended to 15th October, 2010.
In an order that will help companies and individuals who face penalty proceedings on account of the delay in filing returns, a Delhi bench of the Income-Tax Appellate Tribunal (ITAT) has ruled that penalty cannot be levied if there is a genuine reason for the delay.
The CBDT has decided to extend the due date of filing of Income Tax returns from 31st July 2010 to 4th August 2010. All paper returns or e-returns filed on or before 4th August, 2010 would be considered as filed within the due.
The CBDT has decided to extend the due date of filing of Income Tax returns from 31st July 2010 to 4th August 2010. All paper returns or e-returns filed on or before 4th August, 2010 would be considered as filed within the due.
It’s that time of the year again when you need to file your end of year income tax return, but is the plethora of paperwork bogging you down? The government has made things easier by launching the facility of filing your income tax returns online. The advantages of filing your income tax returns online are [...]
A taxpayer should ensure getting the benefit of all the steps taken on compliance. That is, for paying taxes, the credit for this should be available, including the tax deducted at source, to be able to adjust this against the tax to be paid. This seems simple and logical but involves addressing some practical difficulties. [...]
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