Advancement of due date from 31st October to 30th September in respect of certain categories of assessees.
Section 139 provides for filing of return of income by certain categories of assessees. Due dates, for filing such return of income in respect of different categories of assesses, have been provided in Explanation 2 to sub-section (1) of this section. Under clause (a), the due date has been prescribed as 31st day of October of the assessment year for the following categories
of assessees:-
(i) a company;
(ii) a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the
time being in force; or
(iii) a working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time
being in force.
It is proposed to amend the said clause (a) of this Explanation, so as to provide that the due date for filing of return of income for the above categories of assessees shall be 30th day of September of the assessment year. Similarly, the due date for filing of return of fringe benefits, provided in clause (a) of the Explanation to sub-section (1) of section 115WD, is also proposed to be advanced from 31st day of October of the assessment year to 30th day of September of the assessment year in the following categories of assessees:-
(i) a company; or
(ii) a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the
time being in force.
There is no change in the due date of filing of returns in the case of all other categories of taxpayers.
These amendments will take effect from 1st April, 2008
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