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Now submit IT returns at post offices
Ahead of last day for filing income tax returns July 31 approaching, the government today designated around 2,000 post offices across the country to accept the returns from July 26 onwards. This will be in addition to IT offices, banks and special help centres set up by the IT department.
As many as 2,000 post offices throughout the country have been designated to accept the IT returns from July 26 onwards. There will be no charges for availing of this facility," Chairperson of the Central Board of Direct Taxes (CBDT) M.H. Kherawala told reporters here. She said for individuals and HUFs not having income under the head "Profits and gains from business or profession" (i.e. in the case of individuals and HUFs having income only from salary or house property or capital gains or other sources), the due date for filing of return of income will remain July 31, 2006. The tax payers should not wait for the extension of the deadline for filing returns. READ MORE? Click on full story........ By Dr arvind, Section News Posted on Tue Jul 25, 2006 at 05:50:30 AM EST
Meanwhile, the department has extended the deadline for filing tax returns to October 31 from July 31, for those filing non-auditable accounts.
Non-auditable accounts are furnished by those businesses which have annual turnover of up to Rs 40 lakh and those professionals having income up to Rs 10 lakh per annum. The Finance Ministry today notified new return forms Form No. 1 for corporate tax payers, Form No. 2 for non-corporate tax payers having business income, and Form No. 3 for non-corporate tax payers not having business income and Form No. 3B for fringe benefits. Ms Kherawala said in order to enable the taxpayers to familiarise themselves with the new return forms and compile the information called for therein, the government has extended the due date for furnishing return of income and return of fringe benefits for assessment year 2006-07 from July 31, 2006 to October 31, 2006 in all cases of non-corporate taxpayers (including partners of the firms and charitable trusts and institutions).
By- Tribune News Service, 25/07/06
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