All ITR filing deadline for J-K, Ladakh UTs extended to November 30: CBDT

cbdt

In a bid to offer convenience to the newly-created Union Territories of Jammu and Kashmir, and Ladakh, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing of all kinds of income tax returns to November 30.

cbdt

“On consideration of reports of disturbances in internet facility in certain areas of Jammu and Kashmir, the CBDT…further extends the due date for filing of ITRs and tax audit reports to November 30 in respect of all categories of income tax assessees in the UTs of Jammu and Kashmir, and UT of Ladakh…” said CBDT.

The deadline allotted for filing ITRs for certain categories of taxpayers such as professionals with an annual turnover Rs 50 lakh, businesses with an annual turnover of Rs 1 crore and some other category of taxpayers who need to get their books audited was supposed to end on October 31.

The newly decided extension will only be applicable to the taxpayers of the two new UTs.

ITRs filed by individual taxpayers, after the set deadline of August 31, will also be considered valid as part of the new order, said CBDT.

Mobile internet services in Jammu and Kashmir have been barred following the Centre’s decision to disable of Article 370 on August 5.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.