Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

DUE DATE FOR FILING INCOME TAX RETURNS EXTENDED TO AUGUST 5, 2016

The CBDT today released an order extending the due date to 5th August, 2016 for the of filing Income Tax Returns which are to be filed by 31st July, 2016. The said extension has been made in order to avoid inconvenience to the taxpayers considering the Bank Strike on 29th July, 2016 and the 31st of July (Sunday) being a bank holiday.

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