CBDT extends the due date for furnishing Form 16

CBDT extends the due date for furnishing Form 16

June 8, 2017 FISCAL 0

Central Board of Direct Tax (CBDT) has issued a notification on 2nd June 2017 and amend the Income Tax Rule, 1962 . These rule may be called the Income Tax (10th Amendment) Rules, 2017.

In the Income-tax Rules, 1962, in rule 31, in sub-rule (3), in the Table, against serial number 1, in column 4, for the figures, letters and words “31st day of May” the following figures, letters and words ” 15th day of June ” shall be substituted.

Vide this amendment the due date for filing Form No 16 has now been changed from 31st May to 15th June of the financial year immediately following the financial year in which the income was paid and tax deducted.

Source: Income Tax Department – Government of India

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