Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by calendar month thirty one. however in sight of the day-long strike at public sector banks, the point in time has been extended to August five.
For Jammu and Kashmir, the point in time are going to be August thirty one in sight of the continuing turmoil within the state.
“In read of today’s bank strike and disturbance in J&K, the maturity of IT come filing is being extended,” Revenue Secretary Hasmukh Adhia aforesaid in a very tweet nowadays.
For assessees across Asian country at risk of file I-T returns by Gregorian calendar month thirty one, the point in time is extended up to August five, he said.
“For assessees in J & K, this date has been extended to August thirty one,” the secretary accessorial.
Later, the Finance Ministry in a very statement aforesaid, “As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the maturity for filing returns of financial gain for Assessment Year 2016-2017 from Gregorian calendar month thirty one, 2016 to August five, 2016, just in case of taxpayers throughout Asian country United Nations agency square measure at risk of file their Income-tax by Gregorian calendar month thirty one, 2016.”
This extension, it said, is given so as to avoid any inconvenience to the taxpayers whereas creating payment of taxes relating returns of financial gain for Assessment Year 2016- 2017 by Gregorian calendar month thirty one, 2016 because of bank strike on Gregorian calendar month twenty nine and Gregorian calendar month thirty one being a bank-holiday.