The Central Board of Direct Taxes, the decision making body under section 119 of the Act, in respect of all assesses covered under clause (a) of Explanation 2 to sub-section 139 of the Act, has extended the due-date for filing the return of income as well as various reports of audit restricted under the Income-Tax Act which were supposed to be filed by the said due-date from 30th September, 2017 can now file the return by 31st October, 2017.
Since the last date for filing Goods and Services Tax (GST) Return was extended, various stakeholders requested the authority to extend the due date. The main reason behind the whole idea was to provide sufficient time to assesses and tax professionals to grease the wheels for compliance with statutory responsibilities under various commercial laws.
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