this extention of due date is only for those to whom e-filing is mandatory in the case of Individual and HUF. This is clearly mentioned in the notification issued by CBDT.

ACCORDING TO ME ITS RELEXATION FOR ALL ASSESEE WHO ARE REQURIED TO FILL RETURN UP TO 31st JULY 2012. NOTIFICATION IS AS UNDER-

Order under Section 119 of the Income Tax Act, 1961.

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Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012 in respect of assesses who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961.

Hi,

Can any one tell me where can i get VAT and Service Tax updated notes for Nov 2012 IPCC exam

it's really good news for all people who awakes at the last moment. 

If tax was due for FY 2011-12 and not paid yesterday, is the penalty also going to be waived if we deposit in August now?

234A will not be applicable...

how will ITR XLS file know about this? u think that IT deptt. will issue new ITR XLS files with this update in last date?

we will make the ITR file and XML file for upload, but it will get calculated as no tax paid till 31st july and hence levy 234A.? 234 B&C are anyway getting added.

CBDT, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, has extended the ‘due date’ of filing of returns of income for the A Y 2012-13 to 31st August 2012 in respect of assesses who are liable to file such returns by 31st July 2012 as per section 139 of IT Act, 1961.

ITS FOR ALL ASSESSES.

Hi

still issue is not clear whether extention is for all assessees or only for such class of assessees who require to e file mandatorily. can any body clarify this issue.

Please read the notification it says..."The Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012 in respect of assessees who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961.

Extended to all assessees who are liable to file such return by 31st July 2012.

234A will not be applicable. 234A is levied if return is furnished after the due date. Here the due date has been extended to 31st Aug., 2012. So revised due date is 31st Aug., 2012. 234A will be applicable if return is furnished after 31st Aug., 2012. Even if excel sheet calculates the 234A interest we shall manually enter 0 (Zero) if return is filed on or before 31st Aug., 2012. 

Is the extension applicable to all assessees who are filing e- returns or just for who are liable to  file their returns electronically???

yes, this extension is applicable to all assessees.it is not applicable only to the asssessees for whom filing the return online is mandatory!The due date for filing return has been extended!

I guess - It is only for those Ind & HUF : 

Having Total Income/Inc assessable ubder the Act exceeding Rs.10 Lakhs

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