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Income Tax Return Filing Due Date extended to 31st August 2012

Mumbai, 31 July 2012: Central Board of Direct Taxes (CBDT), under section 119 of the Income Tax Act, 1961, has extended the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012. 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, said a press release from the Finance Department .

The last date of filing of returns was July 31. The decision comes after the collapse in power grids affecting electricity supply in 20 states by which  many of the tax payers could not file the IT returns in time.

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