INDIAN TAX SOURCE

Last Day For  Filing In Income Declaration Scheme The government has ruled out any extension Till Now to the September 30 deadline for filing income disclosure under the black money compliance window. Under the IDS, people can disclose their undeclared income and escape prosecution. The scheme, which was launched on June 1 to uncover black money, closes on September 30. Those disclosing assets under the IDS will have to pay 45% tax plus penalty. Also the payments can be made in three instalments till November 2017.

Due date of Income Tax return filing was extended CBDT has extended the due date of return filing From 30th September 2016 to 17th October 2016. Due date of filing income tax returns and Submission of audit Reports for FY 2015-16(AY 2016-17) is 17th October 2016.