CBDT further extends due date for filing of IT Returns & Audit reports from 15th Oct 2018 to 31st October 2018 for all assessees liable to file ITRs for A.Y. 2018-19 by 30-09-2018 after considering representation from stakeholders. The liability to pay interest u/s 234A of IT Act will remain same.
Tax Audit/ITR Filing for AY 2018-19 is Extended to 15-10-2018
Government extends due date for filing of income tax return and tax audit report up to 15-10-2018. The due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September of the following year.
The tax payers whose business receipts exceed Rupees One Crore or professional receipts exceed Rupees Fifty Lakh during the previous year 2017-18 (A.Y.2018-19) are required to file an Income Tax return accompanied by an audit report by the above mentioned due date.
There are various representation of state bars and ICAI, DBDT has decided to extend the last date up to 15-10-2018.
Here is the official announcement.
Extension of date for filing of Income Tax Returns and Audit Reports from 30th September, 2018 to 15th October, 2018
The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-19 is 30th September, 2018 for certain categories of taxpayers. Upon consideration of representations from various stakeholders, the Central Board of Direct Taxes(CBDT) extends the ‘due date’ for filing of Income Tax Returns as well as reports of Audit (which were required to be filed by the said specified date) from 30th September, 2018 to 15th October, 2018 in respect of the said categories of taxpayers. However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I.T. Act, 1961 pertaining to Interest for defaults in furnishing return, and the assessee shall remain liable for payment of interest as per provisions of section 234A of the Act.
(Release ID :183650)
Order under section 119 of the Income Tax Act, 1961