Due date for Income tax Return (ITR) filing for Companies extended to 31 October from 30th September 2017 – Latest news

1.0 Introduction

Here comes a big relief to the whole Indian industry by the tax department by extending the ITR filing date from 30th September to 31st October. Taxpayers including companies which are set to file their return before 30th September can now take a deep breath and can relax a bit and file the ITR by 31st October.

As said, this decision of the government is also being welcomed by all the Indian industry, because the coming September month is already very hectic with regard to the GSTR filings for the month of July and August and hence, getting ready for tax audit and balance is also a very big task.

Therefore, government decided to defer the due date of filing the income tax return so that atleast the corporate and the other taxpayers can feel the sense of relief and also can file the ITR returns properly.

2.0 Linking Aadhaar with the ITR

There is a good news for the taxpayers who have not linked the PAN card with their Aadhar number as the government has extended the time limit to 31st December, 2017. Earlier the government said that whosoever failed to link their returns with Aadhar number, their returns shall not be processed.

However, looking at the series of change going on into the economy, the government decided to give some more time to the taxpayers so prepare well and link Aadhar till 31st December, 2017.

3.0 Conclusion

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