Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
Popular Search: ACCOUNTING STANDARD :: cpt :: VAT RATES :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
 
 
From the Courts »
 Raajratna Metal Industries Ltd vs. ACIT (Gujarat High Court)
 GLOBUS INFOCOM LTD Vs. COMMISSIONER OF INCOME TAX DELHI-IV
 DIRECTOR OF INCOME TAX (INTERNATIONAL TAX) Vs. MOODY???S ANALYTICS, USA
 COMMISSIONER OF INCOME TAX Vs. M/S. TRIVENI OIL FIELD SERVICES LTD
 NEW HOLLAND TRACTORS (INDIA) PRIVATE LIMITED Vs. THE COMMISSIONER OF INCOME TAX, DELHI-V
 DIRECTOR OF INCOME TAX-(EXEMPTION) Vs. THE AJAY G. PIRAMAL FOUNDATION
 Stream International Services Private Limited, Maxus Mall, 4th floor, Fatak Road, Near Timbda Hospital, Bhayendar (W), THANE 400 101. Vs. Asstt. Commissioner of Income Tax 7(2), Aaykar Bhavan, Mumbai.
 DCIT-22(2) Vashi Railway Station Bldg. Complex, Vashi Navi Mumbai Vs. Shri Harnamsingh Kulbirsingh Maker, 7, Green Apartment, Acharya Nagar, W.T. Patil Marg, Govandi, Mumbai- 400 088
 M/s. Unity Infraprojects Ltd.1252, Pushpanjali Apartments, Old Prabhadevi Road, Prabhadevi, Mumbai-400 025. Vs. DCIT Central Circle-45 Aayakar Bhavan Mumbai-400 020.
 Sh. Naresh Kumar Arora 36, Ground Floor, Sree Nagar Colony Ashok Vihar Road, NR, Bharat Nagar, Delhi-52 Vs. ACIT, Circle-20(1) Pratyakash Kar Bhawan, Civicntre, New Delhi-110002
 Meena Rani Arora,201, Vipps Centre, 2-Community Centre, Masjid Moth, GK-II, New Delhi. Vs. ACIT, Central Circle-22, New Delhi.

Notification reg. extension of filing Income Tax return
July, 25th 2006

F.No.142/41/2005-TPL(Pt.)

Government of India

Ministry of Finance

Department of Revenue

(Central Board of Direct Taxes)

________

 

New Delhi, the 24th July, 2006

 

ORDER UNDER SECTION 119(2)(b) OF THE INCOME TAX ACT

 

 

1.         Representations have been received from taxpayers in Mumbai seeking extension of the due date for filing the return of income since taxpayers could not finalise their books of account due to disturbance in Mumbai.  Further, the Taxation Laws (Amendment), Act, 2006 received the assent of the President on 13th July, 2006.  Since some of the provisions of the amending Act are applicable for assessment year : 2006-07, it is necessary  to provide more time to certain class of  taxpayers for filing their return of income.

 

2.         The first return of fringe benefit tax is due on 31st July, 2006 for certain class of taxpayers.  The Finance Minister had earlier announced that the return of fringe benefit tax will be combined with return of income so that the taxpayers do not have to file multiple returns.  The returns of income for assessment year : 2006-07 were under comprehensive review and, therefore, could be notified only on 24th July, 2006.  The new return forms are combined forms  for both income and fringe benefits.  However, a separate return for fringe benefits(Form No.3B) has also been notified for tax payers who have already filed their income tax return or choose to file their income tax return in Form No.2D or who are liable to furnish  the return of fringe benefits  only.  Accordingly, it is necessary to allow some more time to the taxpayers to familiarize themselves with the new return forms and compile the information called for therein.

 

3.         In view of the above, the Central Board of Direct Taxes hereby extends the due date for furnishing return of income and/or return of fringe benefits for assessment year : 2006-07 from 31st July, 2006 to 31st October, 2006 in all cases of non-corporate taxpayers (including partners of the firms and charitable trusts  and institutions).

 

4.         However, in the case of individuals and HUFs not having income under the head Profits and gains from business or profession, the due date for filling of return of income shall continue to be 31st July, 2006.

 

 

Sd/-

(Sharat Chandra)

Secretary, Central Board of Direct Taxes

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2014 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions