5 Reasons why Income Tax Return Filing Due Date must be extended

5 Reasons why Income Tax Return Filing Due Date must be extended Posted: 23 Sep 2012 08:35 PM PDT Due Date for Filing Income tax Return for corporate assessees and those who come under compulsory audit under income tax Act or under any other Act is 30th September 2012. Question which comes to every CA professionals mind is whether due for filing income tax return for this year will get extended... Net wealth not to include forfeited assets despite pendency of appeal on valuation date Posted: 23 Sep 2012 08:30 PM PDT The Appellate Tribunal was right in law and facts in holding that the value of silver bars which stood confiscated under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 could not be added to the wealth of the assessee despite the fact that the confiscation order... Section 54F deduction if construction not completed but amount invested? Posted: 23 Sep 2012 08:30 PM PDT The words mentioned in section 54F are that the amount should be invested in the construction of a residential house. Therefore, once the assessee having been invested total sale consideration into construction of a residential house, then it is not necessary that the residential house should have...