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 financial year 2015-16, 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 income taxpayers while making payment of taxes pertaining to returns of income for financial year 2015-16, 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 .
Due date extension in J & K is 31.08.2016
As per provisions of Section 119 of Income-tax Act, 1961(‘Act’) , Central Board of Direct Taxes extends the due date for filing income-tax returns from 31st July, 2016 to 31st August ,2016 , in case of Income-tax assessees in the State of Jammu & Kashmir who are required to file their return under Section 139(1) of the Act.
This extension is given on consideration of reports of dislocation of general life in certain areas of the State of Jammu & Kashmir.
Readnotification for extension of ITR due date
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