Income Tax Return filing due date extended to October 31st 2018

The Central Government today extended the due date for Tax Audit and return filing under the provisions of Income Tax Act to October 31st.

In an Order Issued by CBDT said that, On due consideration of representations from various stakeholders for extending the due date, the CBDT, hereby extends the due date for filing of income-tax returns as well as all reports of audit from 15th October 2018 to 31st October 2018.

The CBDT also said that, However, there shall be no extension of the due date for purpose of Explanation 1 to section 234A (Interest for defaults in furnishing return ) of the Act and the assessee shall remain liable for payment of interest as per provisions of sec ion 234A of the Income Tax Act.

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