Businesses In J&K And Ladakh Get ITR Extension From CBDT

November 5, 2019

5 min read

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

nitish

Nitish

Consultant, Gurgaon

BUSINESS
Businesses In J&K And Ladakh Get ITR Extension From CBDT

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

The policy-making body for the Income Tax department issued an order stating that "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..."

The deadline for filing ITRs for certain categories of taxpayers -- professionals with an annual turn over 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 to end on Thursday, October 31.

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This relaxation will be allowed only to the taxpayers of the two new UTs.

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

Mobile internet services have been clamped down in Jammu and Kashmir following the Centre's decision to abrogate provisions of Article 370 on August 5.

In the aftermath of the decision, Jammu and Kashmir has been bifurcated into UTs of Jammu and Kashmir, and Ladakh and made operational from Thursday.

For further assistance on ITR filing or tax compliance of your business, consult SeekWiser's top tax consultants in India by giving us a call at +91-7827886239.