Aug 31 new deadline for e-filing returns

New Delhi: While extending the due date of filing of returns of income for the assessment year 2012-13 from July 31 to August 31, the Income Tax department on Tuesday relaxed norms for e-filing of returns for NRIs and trusts whose income exceeds Rs 10 lakh annually. 

    The decision to extend the due date for filing of returns has been taken "on consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and Hindu Undivided Family (HUF) has been made mandatory," a press note from the Central Board of Direct Taxes (CBDT) said. 
    Relaxing norms for NRIs and trusts, the CBDT said it will not be mandatory for "private discretionary trusts" and NRIs, if his or its total income exceeds Rs 10 lakh, to electronically furnish the return of income for assessment year 2012-13.