Deadline For Filing IT Returns & Audit Reports Extended To 31st Oct

The Central Board of Direct Taxes, in a notification dated 8^th October, has further extended the due date for filing income tax returns and audit reports. The deadline for the same now stands as 31^st October 2018.

Previously the Income Tax Department had extended the deadline from 30^th September to 15^th October.

The order reads as follows:

‘On consideration of representations from various stakeholders for further extension of due date being 30^th September, 2018 for the purpose of filing return of income as well as various reports of audit pertaining to Assessment Year 2018-19 for assesses covered under clause(a) of Explanation 2 of Section 139(1) of the Income Tax Act, 1961 (Act), the Board, in partial modification of its order dated 24.09.2018 in file of even number, hereby further extends the due date for filing of return of income and reports of audit pertaining to Assessment Year 2018-2019 from 15^th October, 2018 to 31^st October, 2018. However, as specified in earlier order dated 24.09.2018, assesses 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 Act.’