Accounting

Tax Audit and ITR filing due date extension

Tax Audit and ITR filing due date extension AY 2017-18 to 31-10-2017. Deadline for filing return of income and all audit reports extended in view of GST.

Order under Section 119 of the Income-tax Act, 1961 (‘Act’)

The Goods and Services Tax (‘GST’) has come into effect on 01.07.2017. In recent days, dates for filing various returns and forms under GST have been extended by the Government. In this backdrop, representations have been filed by various stakeholders requesting for extending the ‘due date’ for filing various reports of audit as well as tax-returns under the Income-tax Act from 30th September, 2017 so as to allow sufficient time to the assessees’ and tax professionals, and thus, facilitate their ease of compliance with statutory responsibilities under various fiscal laws.

 

 

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