Taxpayers and applicable individuals are also required to file an income tax return (ITR) for their income before the last date as specified by the Central Government. As perSection 139 of the Income Tax Act, every person whose annual income is above ₹2,50,000 is obligated to file an ...
“As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016-2017 from July 31, 2016 to August 5, 2016, in case of taxpayers throughout India who are liable to file their Income...