Rationalising due dates for filing of return of Income.

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....s who are required to file a return, the due dates, and the different types of returns that may be furnished. It covers the original return, belated return, revised return and the updated return. 2. Section 263(1)(c) of the Act deals with "due date" means the date of the financial year succeeding the relevant tax year for filing the return of Income by different classes of assessee/person with di....

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....or under any other law in force or the spouse of such partner (if section 10 applies to such spouse), their due date for filing of return is proposed to be extended from 31 st July to 31st August. Further, individuals who files ITR-1 & ITR-2, their due date for filing return of Income shall remain 31st July. In this regard, amendments proposed in section 263(1)(c) of the Act are as under: Sl. No.....

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....artner of a firm whose accounts are not required to be audited under this Act or under any other law in force or the spouse of such partner (if section 10 applies to such spouse). As above 31st August. 4. Any other assessee -- 31st July. 4. Similar rationale as referred in para 2 has been applied to make similar amendments in Explanation-2 to sub-section (1) of section 139 of Income-tax Act....