Central Board of Direct Taxes (CBDT) extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016…
As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016- 2017 from 31st July, 2016 to 5th August, 2016, in case of taxpayers throughout India who are liable to file their Income-tax by 31st July, 2016.
This extension is given in order to avoid any inconvenience to the taxpayers while making payment of taxes pertaining to returns of income for Assessment Year 2016- 2017 by 31st July, 2016 due to reports of Bank strike on 29th July, 2016 (Friday) and 31st July,2016 (Sunday), being a Bank Holiday. (PIB)
For assessees in Jammu & Kashmir, hit by violence and street protests, the deadline has been extended to August 31, 2016.