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As reported in the Media yesterday, a formal order under Section 119 of the Income Tax Act, 1961, for extension of due date for filing Income Tax return for assessment year 2012-13 (Financial Year 2011-12) has been issued by CBDT, Ministry of Finance.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, the 31st July 2012.
Order under Section 119 of the Income Tax Act. 1961
On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and HUF has been made mandatory, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012 in respect of assessees who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961.