Income Tax Return- Deadline extended to 31st August 2012
Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns for assessment year 2012-13 to 31st August 2012. The Original Last Date was 31st July 2012.
CBDT said it was extending the deadline given the disturbance in routine life due to failure of power as well as the fact that e-filing has now been made mandatory for individuals and Hindu Undivided Family (HUF).
The North India power grid collapsed on Monday, July 30, affecting about 370 million people in seven states. On July 31, on the day of deadline for filing returns, the North, East, and North East grids collapsed, leaving at least 19 states and about 600 million people without electrical power.
“This has been done in respect of assesses who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961,” CBDT said in a statement.
From this year if the total income of an individual or HUF is Rs 10 lakh in the year 2011-12, e-filing is mandatory as per Rule 12 of the Income-tax Rules, 1962.
Source: NDTV
Is it applicable for only the taxpayers whose income is Rs. 10 lacs & above?
Sir, If income of an individual or HUF is Rs. 10 lakh in the year 2011-12, e-filing is mandatory as per Rule 12 of the Income Tax Rules,1962, then the individual should have basic knowledge of ‘filling up IT forms’. If any individual do not know e-filing and how to fill up the IT forms then the person shall have no other alternative but to take the help of Income Tax Practitioner or somebody else. I would therefore, request the authority that the ‘SALARIED PEOPLE'(Government officials) EITHER should be exempted or the EMPLOYER BE GIVEN THE RESPONSIBILITY for e-filing, as all Datas are available with and Form 16 also being issued by them to the employee.