The Supreme Court today directed taxpayers all over the country to file returns under the prescribed new forms for assessment year 2007-08 by February 29, 2008 - the new deadline set by the government.
The direction was passed after Additional Solicitor General Mohan Parasaran informed the Bench headed by Justice B N Agarwal that the Centre was issuing a notification today extending the time for filing returns till February 29, next year in relation to all categories of assessees.
The Bench also set aside the Allahabad High Court order that allowed business class and professionals having income below Rs 20 lakh to file tax returns under both SARAL-2D and new return forms for the assessment year.
"It is for the statutory authority to decide the type of forms."
Earlier, the apex court on October 30 had allowed UP taxpayers to file returns under 2D Saral Form as well as the new forms for assessment year 2007-08 to avoid inconvenience to tax payers who were trying to meet the October 31 deadline for filing returns. -- PTI
