No Due Date Extension for filling Income Tax

Income tax return online Submission deadline 31st July 2018 No Due Date Extension for filling Income Tax as per CIRCULAR No.4/2018 F.No.370889/25/2018/No Due Date Extension for filling Income Tax Last Date on 31st July 2018 as per CIRCULAR No.4/2018 F.No.370889/25/2018.

CBDT – extension in due date for non-tax audit cases is fake and there are no such plans to extend this deadline beyond 31st July, 2018 as per CIRCULAR No.4/2018 F.No.370889/25/2018.

No Due Date Extension for filling Income Tax Last Date on 31st July 2018 as per CIRCULAR No.4/2018 F.No.370889/25/2018.

Government of India Ministry of Finance
Department of Revenue Central Board of Direct Taxes, New Delhi, Dated 21st July, 2018.

This Circular is issued in pursuant to 139(1) of the Tax Act, 1961 is to clarify that rumors spreading across in media regarding extension in due date for non-tax audit is fake and no such plans to extend this deadline beyond 31st July, 2018. 

The department already received over 1 crore returns filed electronically.

As per Section 234F of the Income Tax Act, from 1st April 2018, the penalty for late filing income tax return would be as five thousand rupees, 

if the return is furnished on or the 31st day of December of the assessment year Rs/-10,000/- (Ten thousand rupees) in any other case:

Provided further that if the total income of the person not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees. Therefore, the assessees are hereby asked to file their ITRs before the due date to avoid the penalty.

(Sanyam Suresh Joshi)

DCIT, CBDT