Due Date For Filing Income Tax Return, Audit Reports Extended By 15 Days
The taxman last month announced the extension of the maturity date of September 30 by a similar 15 days.
The Government on Monday extended the due date for submission of income tax returns (ITR) and audit reports. The Direct Tax Center Board, the top policy-making body of the Income Tax Department, said the due date for filing income tax returns and the audit report for Assessments 2018-19 (2017-18 financial year) is October 31, 2018 for certain. taxpayer category. Monday’s step marks the second extension given by the Direct Tax Center Council to assessors whose bookkeeping must be audited. The move comes after the tax officer considers representation from stakeholders, he said in a statement.
The taxman last month announced the extension of the maturity date on September 30 by the same 15 days, until October 15, 2018.
Submission of income tax returns by paid taxpayers and those choosing the Estimated Income Scheme jumped 71 percent to 5.42 crore until August 31, according to data released by the Income Tax Department. This taxpayer category must provide their ITR for the 2017-18 financial year in August.
The taxman announced a new due date of October 31 filing of ITR and audit reports
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