Extension of due date of filing ITR and TAR extended to 15 Oct

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Update

Update

01-10-2018: Hon’ble Raj HC directs CBDT to reconsider (by making speaking order before 10 Oct) the representation regarding further extension of due date for filing TAR and ITR for 15 more days and waiver of interest u/s 234A.


CBDT extends due dt for filing of Income Tax Returns & audit reports from 30th Sept,2018 to15th Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018,after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remain applicable.

The press release are as under:

The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-19 is 30th September, 2018 for certain categories of taxpayers. Upon consideration of representations from various stakeholders, the Central Board of Direct Taxes(CBDT) extends the ‘due date’ for filing of Income Tax Returns as well as reports of Audit (which were required to be filed by the said specified date) from 30th September, 2018 to 15th October, 2018 in respect of the said categories of taxpayers. However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I.T. Act, 1961 pertaining to Interest for defaults in furnishing return, and the assessee shall remain liable for payment of interest as per provisions of section 234A of the Act.

Does levy of interest u/s 234A on extended due date sustained?

Is it possible to hold two due dates one for TAR & ITR and one for the purpose of interest u/s 234A?

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