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Friday, May 24, 2013




India Briefing is a magazine and daily news service about doing business in India. We cover topics relating to the Indian economy, the market in India, foreign direct investment and Indian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



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Date Extended for Filing of Income Tax

The Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax returns for assessment year 2012-13 to August 31, 2012, in respect of assesses who are liable to file such returns by July 31, 2012.

This has been done in response to the disruption caused by the recent power failure across northern India, in light of the fact that e-filing of returns for a specified category of individuals and Hindu Undivided Families has been made obligatory.

The CBDT has made e-filing compulsory for an individual or a Hindu Undivided Family if total income exceeds INR10 lakh (INR1 million).

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.

For further details or to contact the firm, please email india@dezshira.com, visit www.dezshira.com, or download the company brochure.

You can stay up to date with the latest business and investment trends across India by subscribing to The India Advantage, our complimentary update service featuring news, commentary, guides, and multimedia resources.

Related Reading

India Tax Deadline Approaching

Income Tax Returns in India

India’s New Tax Structure for the Year 2012-13

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