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24. Amendment of section 115WD. |
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—In section 115WD of the Income-tax Act, in sub-section (1), in the Explanation, in clause (a), for
the figures, letters and words "31st day of October", the figures, letters and words "30th day of September" shall be substituted.
Clause 24 seeks to amend section 115WD of the Income-tax Act, which relates to return of fringe benefits.
Clause (a) of the Explanation to sub-section (1) of the said section provides for the due date for filing of return of fringe benefits by the categories of assessees specified thereunder. Under the said provisions of the Act, the due date for filing return of fringe benefits in the case of a company or a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force, is 31st October of the assessment year.
It is proposed to amend the said clause (a) so as to provide that the due date for filing return of fringe benefits shall be 30th September of the assessment year.
This amendment will take effect from 1st April, 2008.
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