Tax Check

*July 31 is the due date for furnishing the return for the assessment year 2001-02, applicable to all parties with taxable income, other than:

*Companies.

*Persons subject to audit under the I-T Act or any other Act.

*Working partners of firms where the firm is subject to audit under the I-T Act or any other Act.

*Failure to furnish a return in such cases before July 31 will entail the levy of interest at 1.25 per cent per month or part thereof starting from August 1, to the date of furnishing of return.