CBDT extends E-filing I-T returns date to 31st August

CBDT extends E-filing I-T returns date to 31st August
   

Due to power failure across Northern and Eastern states, the CBDT extended the due date for filing I-T returns to 31st August from 31st July

The Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax (I-T) returns for assessment year 2012-13 to 31st August from 31st July. This means, you can file your I-T returns for FY2011-12 till 31st August.

CBDT, in a notification said, "On consideration of the reports of disturbance of general life caused due to failure of power, the CBDT 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 2012-13 to 31 August 2012".

Earlier, the CBDT made it e-fling mandatory for an individual or a Hindu Undivided Family (HUF) if his or its total income exceeds Rs10 lakh. E-filing for such assessees was optional till 2010-11.

The Income Tax Department had received a record 1.64 crore e-Returns in 2011-12 financial year.

Currently, 'Business Houses' with receipts of Rs60 lakh and professionals with income of Rs15 lakh are mandatorily required to e-file their return with digital signature.

As on 31 March 2012, there were 1.96 crore tax payers who had registered for e-filing.