CBDT extends due date for filing ITR till September 30

New Delhi, Sep 10 (KNN) The Central Board of Direct Taxes (CBDT) has announced extension of due date for filing of Income tax returns by tax payers, whose accounts are required to be audited under the Income Tax Act, till 30th September.‎

CBDT in a statement said that the tax payers whose business receipts exceed by Rs 1 crore or professional receipts exceed Rs 25 lakh during the previous year 2015-16 are required to file an Income Tax return accompanied by an audit report by the due date.

It said that the last date for making declarations under the Income Declaration Scheme 2016 is also 30th September, 2016.

“The Central Board of Direct Taxes has decided to extend the last date for such returns which were due on September 30, 2016 to October 17, 2016 in order to remove inconvenience and to facilitate ease of compliance,” Said release. (KNN Bureau)