CBDT extended due date for filing of return to November 30, 2014; no extension to Companies/Firms not liable to tax audit

The CBDT, vide notification no. 33/2014 has revised the forms for filing tax audit report wef July 25, 2014. Further, the due date for filing of tax audit report (in respect of assessees who are not required to furnish report under Section 92E) has been extended to November 30, 2014 vide Order (F.No.133/24/2014-TPL), dated 20-8-2014.

After the extension of due date for filing report of tax audit, a number of representations has been received by the CBDT and writ petitions have also been filed in various High Courts for directing CBDT to extend due date for filing of return of income to November, 30, 2014.

Now, the CBDT has extended the due date of filing return from September 30, 2014 to November 30, 2014 for all purposes. However, the assessee shall be liable to interest under Sec. 234A for filing of return of income after September 30, 2014.

Further, the CBDT has clarified that the extended due date for filing of return will not be applicable to an assessee (other than working partner of a firm which is required to obtain and furnish tax audit report) who is required to file its return of income by September 30, 2014 but not required to obtain and furnish tax audit report.