Filing Date for Return & Audit Extended !

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The Central Board of Direct Taxes (CBDT) has extended the due date for filing of Income-tax returns as well as the report of audit from September 30, 2018 to October 15, 2018. However, taxpayers are liable to pay interest for default in furnishing returns under section 234

Read the circular issued today

F .No. 225135812018/ITA.II

Government of India

Ministry of Finance Department of Revenue

Central Board of Direct Taxes

North-Block, IT   .II Division

New Delhi, the 24th of September, 2018

Order under Section  119 of the Income-tax Act, 1961

On due consideration  of representations from various stakeholders for extending the due date, being 30th September, 2018, for filing of income-tax returns and various reports of audit pertaining to assessment-year 2018-19 for assessees’ covered under clause (a) of Explanation

2 to section 139(1)  of the Income-tax Act,  1961  (Act) read with relevant provisions   f the Act & Income-tax  Rules, the CBDT,  hereby extends the due date for filing of  income-tax  returns as well as all reports of audit (which were required to be filed by the said specified dati). from 301h September,  2018 to 15th October,  2018. However,  there shall be no extension of the due date for purpose of Explanation  1   to section 234A (Interest for defaults in furnishing returm) of the Act and the assessee shall remain liable for payment of interest as per provisions of sec ion 234A of the Act.