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  • News From Press Your tax affair is not over with the last date

    Your tax affair is not over with the last date

    Source: Livemint Aug 2, 2016

    The due date to file your income tax return (ITR) for financial year (FY) 2015-16 has been extended to 5 August 2016, from 31 July. However, even if you were smart enough to file your return before the due date, here are a few things you may still need to do.

    Revise the return: After filing your tax return, if you discover any mistakes, you can correct them by filing a revised return, under section 139(5) of the Income-tax Act, 1961. But a revised return can only be filed if the original return was filed before the due date, which is 5 August this year.

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