Central Board of Direct Taxes Extends Deadline For Filing Income Tax Returns, Audit Report Till October 31

The 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 added.

New Delhi: The government on Monday extended the last date for filing of income tax returns and audit reports by companies for assessment year 2018-19 to October 31. This is the second extension within a fortnight of the Central Board of Direct Taxes (CBDT), earlier extending the deadline for taxpayers whose accounts have to be audited from September 30 to October 15.

However, the Central Board of Direct Taxes (CBDT) said there would be no relief on part of the interest calculated and the assessees filing their returns during the extended period would have to pay interest as per provisions of the Income Tax Act.

“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 from October 15 to October 31,” a CBDT statement said.

The 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 added.

(With agency inputs)