In a surprise last-minute move, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing the income tax returns for this year.
Read on for complete details.
The New Deadline
Via a circular no. 225/163/2012/ITA.II dated July 31st 2012, the CBDT has extended the deadline for filing ITR by 1 month – the new deadline is now 31st August 2012.
You can see the circular here.
This extra-ordinary extension has been granted in view of the wide spread power failures throughout the country.
This is especially relevant because e-filing of ITRs has been mandatory for a large number of income tax assessees from this year.
If you have postponed filing of your income tax return so far, this is great news for you. Remember, late filing of ITR has its own drawbacks – see “Missed the income tax return (ITR) filing deadline of 31st July?” for more details.
And if you are not aware, you can get a hefty 20% discount on e-filing of your income tax returns if you do it through TaxMunshi.com.
Just click here, start preparing your ITR online, and use the discount code rv20 before making the payment! You can file your ITR in under 20 minutes, and with a 20% discount exclusive to RaagVamdatt.com readers!
Happy ITR filing!