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Due date of ITR filing for Individuals and HUF extended

The Ministry of Finance has issued a press release dated 31.-05.2015 stating that Income Tax Return Forms ITR 1, 2 and 4S have been simplified for convenience of the tax payers. A number of controversial topics such as the requirement to give details of foreign trips or expenditure thereon have been dispensed with. It is also stated that as the software for these forms is under preparation and are likely to be available for e-filing by 3rd week of June 2015, the time limit for filing these returns is also proposed to be extended up to 31st August, 2015 (31.08.2015). A separate notification will be issued in this regard.

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