Press Information Bureau

Government of India

Ministry of Finance

12-September-2016 12:12 IST

The due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September of the following year. The tax payers whose business receipts exceed Rupees one Crore or professional receipts exceed Rupees twenty-five Lakh during the previous year 2015-16 are required to file an Income Tax return accompanied by an audit report by the above mentioned due date.

However, taking into consideration that the last date for making declarations under the Income Declaration Scheme 2016 is also 30th September, 2016, the Central Board of Direct Taxes (CBDT) has decided to extend the last date for such returns which were due on 30th September, 2016 to 17th October, 2016 in order to remove inconvenience and to facilitate ease of compliance.

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DSM/KA

Due date extension for audited taxpayers' income-tax returns to ease compliance following overlapping deadlines notification. An administrative relief extended the filing deadline for income-tax returns that must be accompanied by an audit report, moving the final date for audit-mandatory returns to a later date to address overlapping compliance obligations with a concurrent declaration scheme and to facilitate ease of compliance, without changing the underlying audit obligation or the eligibility thresholds that trigger that obligation.