Itr due date extentio ay 16-17

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Priya Hegde (Querist)
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12 September 2016 Whether the due date extention is also applicable for trusts?, because in notification it is for due date under section 139(1) , for trusts it is under section 139 (4A)..Kindly suggest.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 September 2016 Not applicable to trusts since CBT order dt 9.9.2016 is for 139(1) only.

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CA.Govind Singh

CA.Govind Singh (Expert)
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12 September 2016 Agree with warrier Sir,
Due date extension not applicable for Trusts

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Priya Hegde

Priya Hegde (Querist)
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14 September 2016 Actually, Section 139(4a) says "Every person in receipt of income derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes, or of income being voluntary contributions referred to in sub-clause (iia) of clause (24) of section 2, shall, if the total income in respect of which he is assessable as a representative assessee .............so far as may be, apply as if it were a return required to be furnished under sub-section(1). so it means they are covered under section 139 (1). so that CBT order also applies to trusts.
Kindly suggest.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 September 2016 No .CBDT order is for those covered u/s 44AB, So If trust has no tax audit, due date (as extended by CBDT order dated 29-7-2016) as per 139(4A) read along with explanation 2(c) of 139(1) is 5-8-2016.