The due date for filing return of income is 30th September and CBDT has released new schema for companies in ITR 6 today i.e. 26.09.2019 without any circular to mention the changes made to ITR. Earlier it was speculated that Schedule SH and AL which were newly introduced would be modified but looking at the new ITR 6 at first there is only one visible change in the Form i.e. For Schedule AL -1 they have provided an option to assessee to choose whether AL – 1 is applicable or not by asking a question “Do you have Assets and liabilities as at the end of the year as mentioned in Schedule AL-1“. This will make AL -1 optional for companies who do not have any such asset i.e. companies who hold asset just for investment purpose as in the drop down there is no option to choose an asset just for investment purpose and also for those companies which have been closed. Let’s see if any change is notified by government or not and after this change we can assume that due date to file tax audit report would certainly increase.
If you need assistance you can ask a question to our expert and get the answer within an hour or post a comment about your views on the post.
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
© 2019-2021 Taxontips.com - Tax assistance at your Fingertips
© 2019-2021 Taxontips.com - Tax assistance at your Fingertips
Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.
Book a phone consultation for 30 minutes with our expert at a very basic cost.
Now File your Income Tax return for F.Y. 2021-22 with an Experienced Practicing Chartered Accountant and not just with any person like other websites offer. Return filing starts at Rs. 500/-