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of <h1>CBDT Extends 1972-73 Tax Return Deadline to July 31; Waives 12% Late Interest for Delays Until July End.</h1> The Central Board of Direct Taxes has extended the deadline for filing voluntary income and net wealth returns for the assessment year 1972-73 to July 31, 1972, for returns initially due by June 30, 1972. Interest at 12% per annum, typically charged for late submissions, will be waived for delays up to the end of July 1972. Income-tax Officers are instructed to waive this interest, with approval required if the waived amount exceeds one thousand rupees. New return forms will be introduced, but taxpayers can use current forms until then.
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