NSE makes return-filing co-terminus with Income Tax Return
Published: Sep 12, 2017
By TIOLCORPLAW News Service
NEW DELHI, SEPT 12, 2017: India's leading and world's 4th largest bourse, the National Stock Exchange (NSE) has decided to extend the deadline for submission of annual returns for fiscal 2016-17 by trading members to October 31, 2017 as the last date for filing of income-tax returns has also been extended till October 31, 2017 by Central Board of Direct Taxes (CBDT).
In an earlier communication, the stock exchange had asked the trading members to submit their respective annual returns by September end.
The NSE has requested all the members to ensure that they submit complete documents in the prescribed formats, as applicable, on or before October 31, 2017 in order to avoid any late or non-submission charges. The annual returns, which includes balance sheets, are required to be submitted only by way of upload in electronic format through the exchange's Electronic NSE Interface for Trading Members (ENIT) system.
The NSE had also asked members to provide four additional financial details as prescribed under enhanced supervision guidelines. These details are on advance or margin or collaterals from customers, inter-corporate deposits given, value of investments or advances or loans in group companies or associates or firms or entities and value of maximum outstanding inter corporate debts given during the year.