Thursday, June 11, 2015

Due Date of filing Return of Income Tax extended to 31st August

As per the new order issued by CBDT u/s 119 of the Income Tax Act, due date of filing return of income tax for Assessment Year 2015-16 has been extended from 31st July to 31st August in respect of income tax assessee.

Rail Ticket Reservation Timing Revised, 50% refund on cancellation.

Indian Railways has changed the timing for the booking of Tatkal tickets, and said that customers can get a refund of upto 50% on cancellation for the same. 


As per the new schedule, the Tatkal booking for AC classes will commence at 10am and close at 11am, while for the non-AC classes, the Tatkal booking will commence at 11am and close at noon. 



Railways will soon launch its 'Tatkal Special' train service, travelling on which will be dearer than on normal trains. 



The cash-strapped public transporter will make special trains on tatkal fares operational for certain busy routes. 



While 'Premium' trains — tickets for which are priced as per a dynamic fare structure — are already operational, the Tatkal Special trains will be an additional service to cater to the rush. 



The Railways has also relaxed the advance reservation period for Tatkal Special trains. The advance reservation period is of a minimum 10 days and a maximum of 60 days.



Source:  Times of India