CBDT extends due dt for filing of Income Tax Returns & audit reports from 30th Sept, 2018 to 15th 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/s. 234A of IT Act will remain.

CBDT extends Tax audit due date to 15th October 2018

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

North-BIock, ITA,II Division
New Delhi, the 24th of September, 2018

Order under Section 119 of the Income-tax Ac 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 CBOT, 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 date), from 30th September, 2018 to 15th October. 2018. However, there shall be no extension of the cue 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 section 214A of the Act.

(Rajarajeswari R.)

Under Secretary to the Government of India

 

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11 Comments

  1. RK says:

    HI ALL..
    HUM EVERY YEAR KYUN BHIKH MANGTTE HAI YEH CBDT SE DATE EXTENSION KE LIYE ?
    ALREADY HIGH COURT / SUPREME COURT GIVEN FAVOUR JUDGEMENT WHENEVER
    PETITION FILED..
    YEH TAX TERRORISM NAHI HAI KYA ? SURGICAL STRIKE SIRF BORDER PE HI NAHI HOTTA..YAHAN BHI HUM KAR SAKTTE HAI..
    WE SHOWING UNITY NOT FOR CURRENT YEAR i.e.15-10-18 , BUT FOR EVERY FUTURE YEAR ..

  2. SANTU MUKHERJEE says:

    whether the decision is correct or not it should be ascertained. In the the previous year the decision of Court was if the form is changed then the date must be extended for 1 month.
    Now a days govt want to make pressurize to common people and try to forcefully collect late fees and penalty. One day all good professional will leave from this kind of harassment then the govt have to answer to the common people. Date of extension for un-audited return was 1 month but for the case of audit it is 15 days. How Nice!

  3. My vote for nota. This finance minister is wrist. Dont have practical knowledge. A CA can audit only when the accountant of the assesse provide the data to ca. But accountant of the assessee are failed to match the data with gst return. There are lots of problem GSTR-2 are not matching with account. So without match GSTR-2A how can A CA go further. Even biggest company are failed to upload the correct data on gst portal

    example

    We have received a bill on 09.10.2017 but not showing on gstr-2a when I made query regarding this to the saller he corrected the data in jul 2018 so there are lots of bill like that a accountant are in trouble bcz saller can’t can’t revise the return of oct 17 month return

  4. RM says:

    IT IS HIGH TIME THE INCOME TAX ACT ALSO NEEDS BE MERGED WITH GST – ONE NATION ONE TAX – BOTH DIRECT AND INDIRECT TAXES BE MERGED TO AVOID CONFLICTS AND TEDIOUS HASSLES IN RECONCILIATIONS AND AUDIT REPORTS.

  5. praveen says:

    i dont think 15 days is enough for finishing all the work. CBDT should have gone by the representation of ICAI and extended the due date till 31st October. Ministry of Finance should consider the hardship faced by the professionals and assessee .

  6. sanjay kumar says:

    WHERE IS ICAI MEMBERS WHO ARE CONTESTING FOR ELECTIONS. THEY DON’T HAVE GUTS TO REPRESENT THE CASE FIRMLY. IF THEY HAVE GUTS THEN FILE THE CASE AGAINST CBDT AND GET THE ORDERS IN FAVOURS OF CA FRATERNITY THEN ASK FOR VOTE. BOTH GOVT AND SUCH MEMBERS ARE ON TARGET FOR NEXT ELECTIONS

  7. SANJAY G DESAI says:

    THE DUE DATE OF 44AB IS EXTENDED UP TO 15TH OCTOBER 2018 AND FILING GSTR 1 IS EXTENDED FOR MARCH 2018 IS UP TO 31ST OCTOBER 2018, IF YOU CORRELATE THE DATES WITH THE ABOVE THE PERSON FILING GSTR 1 OF MARCH 2018 ON 16TH OCTOBER 2018 AND WHILE RECONCILING THE GSTR 2A BY OTHER PERSON, HE WILL BE ABLE TO KNOW THE MISSING PURCHASE WHICH IS NOT CONSIDERED WHILE FILING 44AB REPORT, THEN WHAT WILL BE THE CONSEQUENCES. THE DATE AFTER 31ST OCTOBER 2018 WILL HAVE RELEVANCE IN THIS TYPE OF CASES

    1. vikrant bhardwaj says:

      departments are looking there own convenience they don’t bother what is in the grassroots people or professionals are in great confusion due to reconciliation of new adopted GST system

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