CBDT extends Due Date for All !

CBDT has finally issued order extending the due date for all India . Readers must be anxiously waiting for that to happen. Pursuant to the order of High Courts of Gujarat and Punjab & Haryana, the CBDT vide order No. 225/207/2015/ITA.II dated September 30, 2015, extended the due date for filing of return only for the taxpayers in the State of Gujarat, Punjab, Haryana and Chandigarh. After that Bombay and Orissa High Courts also directed the CBDT to extend the

Form 15G & Form 15H Can’t Be Accepted Blindly Now ! Rule 29C Changed

Form 15G & Form 15H Can’t Be Accepted Blindly Now ! Rule 29C Changed
The changes in the Income Tax Act as well as Income Tax Rules perhaps is done so fast that the tax payers as well as tax practitioners will really find to grapple with the tax laws. Not long ago (CBDT  vide NOTIFICATION NO. 11/2013/SO 410(E), DATED 19-2-2013) the Form 15G & Form 15H were changed . Now. CBDT has once again changed it vide notification S.O. 2663 (E) dt 29/09/2015 . Now the changed Rule 29C which prescribes rules

Now Mumbai High Court Directs For Extension of Due Date to 31.10.2015

After Gujarat High Court , P & H , & Orissa High court , Mumbai High Court has also directed CBDT to extend the date for filing of tax return by 31st October 2015 for those who were required to file tax return by 30/09/2015. This was decided on 30/09/ 2015 in WRIT  PETITION  (L) NO. 2764 OF 2015  . Earlier , CBDT extended the dates only in compliance with Gujarat High court and P & H . It is also most certain that

CBDT Extended Due Date , But Only for 3 States & One Union Territory !

Yesterday it was reported that two High Courts- Gujarat & Punjab & Haryana HC - have directed CBDT for extension of due date of filing of tax return to 31st October 2015 for tax return pertaining to assessment year 2015-16 . Today , CBDT has issued circular u/s 119(2) of teh Income Tax Act , in compliance with orders from High Court , but did not extend the benefit to all over India. Two things must be noted : (more…)

Due Date of Filing of Return Extended by Gujarat HC & Punjab Haryana High Court

CBDT is now forced to extend the due date of filing of return as the two high courts -Gujarat High Court as well as Punjab & Haryana High court shave directed it for extension of the filing dates . It is reported that  the  Gujarat High Court has given directions for extension of due date for filing of return of income from September 30, 2015 to October 31, 2015. However, such extension shall be subject to Section 234A interest. Further