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IT Return Filing date deferred till 30th Nov. 2014 for assesses requiring Tax Audit u/s 44AB of IT Act, 1961

The Central Board of Direct Taxes has issued an Order dated 26.09.2014 and has deferred the date of filing of Income Tax Return till 30th November, 2014.

The stakeholders have filed various representations to the department for extending the due dates of the filing of IT return since the due date to furnish the Tax Audit Report was deferred in August.

The extended time limit for such filing shall be applicable for those assesses who are required to undergo tax audit u/s 44 AB of the Income Tax Act, 1961 and further in respect of the the reporting format of such tax audits have been revised.

But , at the same time the department has cleared that the deduction of interest shall not be available to the assesse of the extended due date i.e. Section 234A shall be applicable.

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eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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