ACCEPTANCE OF RETURN OF INCOME
BY CORPORATE ASSESSES AND THE ASSESSES FALLING UNDER SECTION 44AB
OF THE INCOME TAX ACT, 1961
The Government has
decided that the Return of income in case of all Corporate Assessees
and the assesses falling under section 44 AB of the Income Tax
Act, 1961 will be accepted by the respective income tax authorities
on December 1, 2003. In States (Delhi, Rajasthan, Madhya Pradesh
and Chattisgarh) where elections are scheduled for December 1,
2003, the returns of income for the above referred categories
will be accepted by the respective income tax authorities on December
2, 2003. Such returns will be deemed to have been filed by the
extended due date in view of the provisions of the Board’s Circular
no.639 dated 13.11.1992.
As per order of the
Central Board of Direct Taxes dated 16th and 20th
October, 2003, issued under section 119(2)(a) of the Income Tax
Act, 1961, the date for filing the return of income by corporate
assesses and the assesses falling under section 44AB of the Income
Tax Act, 1961 was extended till 30.11.2003. 29th and
30th November, 2003, being Saturday and Sunday respectively
and therefore, closed working days, the date of acceptance of
return of income for the above referred categories has been extended.
