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I-T extends date for filing Form 2C

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CHENNAI, March 6

THE Income-Tax Department, Chennai, has extended the date for filing of returns in Form 2C for the assessment year 2001-02 till March 31, 2002.

The returns should have been otherwise filed on or before November 30, 2001, in respect of persons residing in 527 centres all over Tamil Nadu, says a department release.

The department has been closely monitoring the filing of returns in Form 2C to ensure strict compliance with the "One By Six Schemes". The Income-Tax Act provides for the levy of a penalty of Rs 5,000 in cases where the returns have not been filed before the due date.

However, in order to ensure that there is no hardship caused to those who could not file the returns in Form 2C before the said date, the department has decided that no penalty would be levied if such returns are filed voluntarily on or before March 31, 2002. Such a relaxation will not be available beyond this date, says the release.

As per the provisions, an occupant of an immovable property, exceeding the specified floor area, an owner or lessor of a motor vehicle (excluding two-wheeler) or a subscriber of a telephone, including a cellular phone should file the returns.

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