The Ministry had extended the last date of financial statement and annual return vide circular no. 08/2016 and 12/2016 upto 29.10.2016 and 29.11.2016 respectively keeping in view the representations received from stakeholders to allow more time for filing the above mentioned returns/statement on account of extension of income tax return due date, revision of XBRL taxonomy to include changes on account of amendments in Corporate Social Responsibility (CSR) and Companies Auditor’s Report Order (CARO) related reporting requirements. Further, this Ministry had vide circular no. 14/2016 extended the last date for annual filing of returns for the State of Jammu & Kashmir upto 31.12.2016 on the request of stakeholders.

This was stated by Shri Arjun Ram Meghwal, Minister of State for Corporate Affairs in written reply to a question in Lok Sabha.

Extension of annual filing deadlines for corporate financial statements and returns to accommodate tax schedule and reporting taxonomy changes. Ministry issued an extension of deadlines for corporate annual compliance for financial statements and annual returns to accommodate stakeholder requests arising from shifts in tax filing schedules and revisions to the XBRL taxonomy, enabling incorporation of CSR reporting amendments and changes to auditor-reporting requirements within the electronic reporting framework.