The Central Board of Direct Taxes, in a notification dated 8th October, has further extended the due date for filing income tax returns and audit reports. The deadline for the same now stands as 31st October 2018.
Previously the Income Tax Department had extended the deadline from 30th September to 15th October.
The order reads as follows:
‘On consideration of representations from various stakeholders for further extension of due date being 30th 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 15th October, 2018 to 31st 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.’