Extension of due date of filing Return of wealth for A.Y. 2015-16 - clarification
In terms of Explanation to sub-section (1) of section 14 of the Wealth-tax Act 1957. 'due date' of filing Return of wealth in relation to an assessee under the Wealth-tax Act shall be the same date as that applicable to an assessee under the Income-tax Act under the explanation to sub-section (1) of Section 139 of the Income-tax Act.
2. Central Board of Direct Taxes vide order under section 119 of the Income-tax Act F.No,225/154/2015/ITA-II dated 10.06.2015 has extended the 'due date' for filing Return of Income for assessment year 2015-16 in respect of assessees falling under clause (c) of explanation 2 to sub-section (1) of section 139 of the Income-tax Act from 31.07.2015 to 31.08.2015. In view of the same, the 'due date' for filing Retun of wealth by such assessees for assessment year 2015-16 also stands extended from 31st July 2015 to 31st August 2015.
3. This issues with the approval Chairperson of CBDT.
