The Income Tax department has issued a clarification that a copy of the notification, being circulated on social media, pertaining to the extension of income tax return (ITR) filing deadline is fake.
As per Section 44AB of the Income Tax Act, 30th September is the last date for ITR filing for all those whose accounts are to be audited like companies, partnership firms, proprietorships, etc. Certain categories of individuals such as working partner in a firm also covered under this provision.
The fake notification claims that on the basis of representation from various stakeholders, the income tax department has extended the due date (September 30) to October 15. Earlier, another fake notification was doing the rounds on the social media last month claiming that the last date of filing of ITRs for individuals has been extended.
Recently, the Institute of Chartered Accountants of India (ICAI) had written to the Central Board of Direct Taxes (CBDT), which frames policies for the I-T department, requesting that the last date of filing ITRs for audited entities be extended to November 30.
Read EquityPandit’s Nifty Outlook for the Week
Signals, Powered By EquityPandit