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No Extension in Due Date of Return Filing of 30th September 2015

No Extension in Due Date of Return Filing of 30th September 2015

It has been brought to the notice of the Government that a fake order dated 26th September 2015 supposedly under section 119 of the Income-tax Act 1961 under the signature of one Upmanyu Reddy, Under Secretary to the Government of India is in circulation. The fake order extends the due date for filing of audit report under section 119 of the Income-tax Act to 15 October 2015. It is clarified the order is fraudulent. The Government has not extended the due date for filing of returns and audit report due by 30th September 2015. Tax payer and practitioners are advised not to give any credence to the fraudulent order purportedly signed by one Upmanyu Reddy.

(This press release was made available on the income tax department website on September 28, 2015)

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Who is required to file an income tax return by 30th September?

  • A Company (not having international or specified domestic transactions)
  • Taxpayer (not having international or specified domestic transactions)
    • Whose accounting records must be audited under any law – check here to find out if your accounts must be audited as per the income tax act.
    • Is a partner in a firm whose accounts must be audited under any law

In the cases listed above audit report under section 44AB​ for the assessment year 2015-16 has to be submitted account with income tax return on 30th September.

Audit Requirements

As per the income tax act, where due date of return submission is 30th September

Audit of accounts is compulsory by a Chartered Accountant for the following persons

Tax PayerCompulsory Audit required when
A person carrying on BusinessIf total sales, turnover or gross receipts are more than Rs. 1 crore
A person carrying on ProfessionIf gross receipts are more than Rs. 25 lakhs
A person covered under presumptive income scheme section 44ADIf income of the business is lower than the presumptive income calculated as per Section 44AD and the person’s total income is more than the minimum income which is exempt from tax.
A person covered under presumptive income scheme section 44AEIf income of the business is lower than the presumptive income calculated as per Section 44AE.

No Extension in Due Date of Return Filing of 30th September 2015

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