Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19

Tax Audit Due Date Extended

Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19. CBDT extends due date for filing of Income Tax Returns & audit reports from 15th October 2018 to 31st Oct 2018 for all assessees liable to file ITRs for AY 2018-19 by 15.10.2018, after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remain.

Recommended – Step By Step Guide to Tax Audit for AY 2018-19

Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19

Breaking: CBDT extends Due date for Filing of Income Tax Returns & Audit Reports. The Central Government today extended the due date for Tax Audit and return filing under the provisions of Income Tax Act to October 15th, 2018. Earlier, the due date was October 15th, 2018. 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.

Click Here to Download Official Announcement

F.No.225/358/2018/ITA.1I
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

Order under Section 119 of the Income-tax Act. 1961

On due consideration of representations from various stakeholders for Extending the due date, being 30th September, 2018, for filing of income-tax returns and various reports of audit pertaining to assessment-year 2018-19 for assessees’ covered under clause (a) of Explanation 2 to section 139(1) of the Income-tax Act, 1961 (Act) read with relevant provisions of the Act & Income-tax Rules, the CBDT, hereby extends the due date for filing of income-tax returns as well as all reports of audit (which were required to be filed by the said specified dati)’ from 15th October, 2018 to 31st October, 2018. 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 Act.

Recommended – Step By Step Guide to Tax Audit for AY 2018-19

Tax Audit Due Extended

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