Press Release Dated 31-10-2007

The Central Board of Direct taxes have extended the last date of filing of income tax /fringe benefit tax returns due by 31st October 2007 as follows:-

For electronic returns (companies, and firms requiring tax audit u/s 44AB) to 15th November 2007; and

For paper returns (other than those required to file electronic returns) to 2nd November 2007.

It is further clarified that the dates for obtaining tax audit report under section 44AB of the Income Tax Act have also been extended accordingly.

Extension of tax return filing deadlines - electronic filings pushed to mid-November, paper filings to early November. The deadline for electronic income tax and fringe benefit tax returns (applicable to companies and firms subject to tax audit) is extended to 15 November 2007; paper returns (not required to file electronically) are extended to 2 November 2007. The period for obtaining and submitting the tax audit report linked to the tax audit obligation has been extended to correspond with these revised filing dates.