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Due date of itr is extented

Ajit Bhati (Chartered Accountant) (214 Points)

22 September 2014

Due Date of Income Tax Return is Extended to 30.11.2014 by Gujurat High Court

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21 Replies

Saikumar (Tax Consultant) (30 Points)
Replied 22 September 2014

Sir.. Thanks for the info.. can we find any official content of the same ?

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 22 September 2014

Sir,

Let me know is it applicable for all states

I think as of now CBDT not confirmed in this regard

Ajit Bhati (Chartered Accountant) (214 Points)
Replied 22 September 2014

Yes. As it is a Central Law.

If there is no Contray view in any other HC, then the decision of Gujarat High court is applicable to the entire Country.

MANOJ SHAH (CA) (26 Points)
Replied 22 September 2014

Tomorrow we should be able to know the clear picture. Intersting to note here is, Gujrat Highcourt directed to collect Interest U/s 234A as well if you are filling after Sep,30th. In other words, its win win for both. The goverment will get his interest and CA's will get some breathing time... may be tax payer is loosing :-)...

shikhar (LEARNER ) (1394 Points)
Replied 22 September 2014

akashdeep marwal (surat) (23 Points)
Replied 22 September 2014

We all feel relief but other side interest levy u/s 234 A is not viable due to this it result to loss for taxpayers really it is win win situation

adityasuri (article) (26 Points)
Replied 22 September 2014

Yes due date has been extended upto 30 th november 2014

dayesh (proprietor) (26 Points)
Replied 22 September 2014

What about statutory payments such as tds payments, 43 b covered payments, what will be the deadline for such payments

Ca Parth Pitalia (Partner) (25 Points)
Replied 23 September 2014

In case the date is extended the date for 43b paymens will be 30th Nov.

Bijoy (Tax adviser) (95 Points)
Replied 23 September 2014

Is this extention applicable for Companies who are having turn over less than 1 crore ie. Non Tax Audit Companies ?

SURANA (PROPRIETOR) (515 Points)
Replied 23 September 2014

If different courts give different ruling then what will be the Impact? Instead since the decision is in favour of petitioner (Tax payer) then other petitions in different states should withdraw the petitions and let the First decision be the only decision :)

SURANA (PROPRIETOR) (515 Points)
Replied 23 September 2014

Same case to be heard by different courts and common party to all case is CBDT… Imagine the time consumed by different judiciary on the same issue… instead having all petitions to be combined and single decision… Govt says reduce the cases … if Govt really wants to reduce the cases and save some time for many people and judiciary then why no steps were taken for such issues… Hats off to CBDT for wasting so much time of everyone…

Aniket (student) (21 Points)
Replied 23 September 2014

I think It is not extended to all states.. Comment ur views to inform the leatest

shikhar (LEARNER ) (1394 Points)
Replied 23 September 2014

LATEST & Most Awaited News from Delhi High Court in case of Mahesh Kr & Co. Vs UOI & ors WP 5990/14 reg issue of furnishing Tax Audit Report subsequent to filing of ITR & Dt.extension.-- Petitioner's Counsel Ms Rashmi Chopra gracefully seeks permission to withdraw. Court orders "Petition Dismissed as withdrawn."CBDT's counsel urges that case has travelled so far and CBDT has granted relief by way of affidavits. However,court expresses the view that nothing remains once petition is withdrawn. However, relief already stands granted to ahssessees by Gujrat HC. As, it has directed CBDT to extend date of filing ITR to30th Nov 2014. CBDT yet to issue notification for same.

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