No extension of due date & File ITR by 30th Sep in many cases: 1) The Due date has been extended only for assesse who are required to file TAR u/s 44AB. 2) No extension of due date in the following cases & hence assessee need to file its ITR by 30th September, 2014. a) Auditors report u/s 80IC etc (Form 10CCB) b) No extension for assessee who accounts are not required for audit u/s 44AB c) No extension for eligible assessee for eligible business who accounts are not require to audit u/s 44AD(Example:where income is more than 8%, where taxable income is below threshold limit,as no audit is required) d) In case of a Loss Return of any assessee, whose turnover are less than 1 Cr.; 3)Audit u/s 44AD is also u/s 44AB, so date extended in such cases. 4) Further, Interest u/s 234A shall be applicable. 5) If An assessee is required to get his accounts audited U/s. 44AB as well as U/s. 80IE, due date of ITR extended. However,To get the benefit of section 80IE,the Audit Report in Form 10CCB can be uploaded by 30th Sep.
Posted on: Sat, 27 Sep 2014 06:59:11 +0000
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