ITR filing with audit report deadline extended | Oct 31st 2018

ITR filing with audit report deadline extended | Oct 31st 2018 | Certicom

ITR filing with audit report deadline extended: CBDT extends deadline for filing ITRs with audit reports to Oct 31, 2018

Those with turnover exceeding Rs 1 cr in business or whose gross professional income is over Rs 50 lakh need to get a tax audit done.

The government, on Monday, extended a two-week deadline to file an income tax return (ITR) with an audit report for the 2017-18 financial year (AY 2018-19). Such taxpayers now have until October 31 to file their returns.

This is a second extension by the Direct Tax Center (CBDT) within two weeks. It previously extended the last date for filing an ITR for taxpayers who were asked to submit their returns along with audit reports from 30 September to 15 October 2018.

Taxpayers with a turnover exceeding Rs 1 crore in business (not choosing an alleged taxation scheme) or whose gross professional income is more than Rs 50 lakh needs to get a tax audit done.

CBDT extends the filing date for Income Tax Returns and Audit Reports from 15 October 2018 to 31 October

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