NEW DELHI: On Thursday, the federal government prolonged the final date for submitting income tax return (ITR) for the review yr (AY) 2018-19 from July 31 to August 31.
"The due date for filing of Income Tax Returns for Assessment Year 2018-19 is 31.07.2018 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers," the finance ministry mentioned in a statement.
Extending deadline for ITR submitting then again has now develop into a routine affair of types. The income tax (I-T) department has prolonged the final date for submitting returns in each of the final seven years, save for 2014, for one explanation why or the opposite.
The finance ministry press unlock created some confusion as it did not specify on the "said categories", which can be in for the deadline extension.
Later, union minister Piyush Goyal, in a tweet, appealed to citizens to pay taxes within the prolonged due date.
Goyal is in control of the finance ministry until Arun Jaitley recuperates from a kidney surgical operation.
If a person fails to file ITR on time, a penalty of Rs 5,000 shall be levied if the return is furnished earlier than December 31.The overdue charge shall be Rs 10,000 if the return is filed after December 31.
"The due date for filing of Income Tax Returns for Assessment Year 2018-19 is 31.07.2018 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers," the finance ministry mentioned in a statement.
Upon attention of the topic, the Central Board of Direct Taxes (CBDT) extends the ‘Due Date’ for submitting of Inc… https://t.co/CJcrf2anyp
— Ministry of Finance (@FinMinIndia) 1532607726000Extending deadline for ITR submitting then again has now develop into a routine affair of types. The income tax (I-T) department has prolonged the final date for submitting returns in each of the final seven years, save for 2014, for one explanation why or the opposite.
The finance ministry press unlock created some confusion as it did not specify on the "said categories", which can be in for the deadline extension.
Later, union minister Piyush Goyal, in a tweet, appealed to citizens to pay taxes within the prolonged due date.
The final date for submission of income tax has been prolonged from 31st July to 31st August 2018, I request each and every ta… https://t.co/jD7NDHHES7
— Piyush Goyal (@PiyushGoyal) 1532612994000Goyal is in control of the finance ministry until Arun Jaitley recuperates from a kidney surgical operation.
If a person fails to file ITR on time, a penalty of Rs 5,000 shall be levied if the return is furnished earlier than December 31.The overdue charge shall be Rs 10,000 if the return is filed after December 31.
Except 2014, ITR filing deadline has been extended in each of the last 7 years
![Except 2014, ITR filing deadline has been extended in each of the last 7 years]()
Reviewed by Kailash
on
July 27, 2018
Rating:
