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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT Extends 1973-74 Tax Return Deadline to August 15; Waives Interest for Late Filings u/r 117A(v.</h1> The Central Board of Direct Taxes has extended the deadline for filing income and net wealth returns for the assessment year 1973-74 to August 15, 1973, for returns initially due by June 30 or July 31, 1973. Interest, typically charged at 12% per annum for late submissions, will be waived for delays up to August 15, 1973. Income-tax Officers are instructed to waive this interest under rule 117A(v), with prior approval required if the waived interest exceeds Rs. 1,000. Taxpayers are advised to use updated forms for their submissions.
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