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extended due date

shaikh sajeed (Associate) (151 Points)

30 August 2018

DOES CBDT PLANS TO EXTEND DUE DATE FOR FILING ITR FOR AY 2017-18?

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Sarath Chandra (CA Final Student) (566 Points)
Replied 30 August 2018

Hi Shaikh,
The Income Tax Department has advised the taxpayers to file income tax returns by the deadline of 31st August 2018, the last date for persons whose accounts are not liable for audit.

For filing return of income through online, the taxpayers can log on to https://incometaxindiaefiling.govin.

By this, it is sure that the department will not grant any further relaxation to the income tax returns due date. Last day, the Government has extended the due date for assessees in Kerala following the State witnessed the worst natural disaster in almost a century.

According to an advisory issued by the Central Board of Direct Taxes (CBDT), a delay in filing return would result in payment of late fees. For returns filed between 1st September to 31st December 2018, a late fee of Rs. 5000/-. Similarly, Rs. 10,000/- is payable for the return filed after 31’December 2018 (Rs. 1,000/- for persons having income up to Rs. 5 lakhs).

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