Govt extends last date for filing of Income Tax Returns and Audit Reports from to 15th October
New Delhi: The Central Board of Direct Taxes (CBDT) has extended the due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-19 to 15th October from 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” the finance Ministry said in a statement.
However, CBDT has made it clear that 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.