Filing Deadline Extension for Carry Forward of Losses: Impact of RBI Audit Mandate vs. Income Tax Act Audit Requirement.

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....Due date for filing of Income Tax Returns - benefit of carry forward of loss - RBI permission letter mandating the assessee to get his accounts audited - Extension of due date of cases where accounts are required to be audited under the provisions of Income Tax Act while filing the income tax returns - As per the circular of CBDT, the benefit of extension of due date is not available where the accounts are not being audited under the income tax act - AT....