Government extends deadline for filing ITR, audit report till October 31, 2018
- Team registrationADVISER
- Oct 9, 2018
- 1 min read
NEW DELHI: The government on Monday once again extended the deadline to file Income Tax Return (ITR) and audit report for financial year 2017-18. The new due date is now October 31 from October 15 earlier.
The Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited.
"Upon consideration of representations from various stakeholders, CBDT further 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 October 15, 2018 to October 31, 2018 in respect of the said categories of taxpayers. However, as specified in earlier order dated 24.09.2018, assessees filing their return of income within the extended due date shall be liable for levy of interest as per provisions of section 234A of the Income-tax Act 1961," the CBDT said in a statement.
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.
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