Govt extends deadline for filing ITR, audit report to October 15
New Delhi: The Central Board of Direct Taxes (CBDT) on Monday extended the date for filing Income Tax Return (ITR) and audit report for financial year 2017-18 to October 15, 2018, from September 30.
The CBDT had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited.
“The CBDT extends the ‘due date’ for filing of ITRs as well as reports of Audit (which were required to be filed by the said specified date) from September 30, 2018, to October 15, 2018, in respect of the said categories of taxpayers,” the CBDT said in a tweet today.
CBDT extends due dt for filing of Income Tax Returns & audit reports from 30th Sept,2018 to15th Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018,after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remain
— Income Tax India (@IncomeTaxIndia) September 24, 2018
However, there shall be no extension of the due date for the purpose of section 234 (A) (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 234 (A) of the Act, it added.
As per data released by CBDT earlier, ITR filing by salaried taxpayers and those opting for presumptive income scheme surged 71 per cent to 5.42 crore till August 31.
These categories of taxpayers had to furnish their ITRs for financial year 2017-18 by last month.