Due Date for Tax Audit extended

The due date of filing of Income Tax returns for assesses covered under Explanation 2(a) to section 139 (1) of Income Tax Act 1961 (Act) has been extended.


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Considering the representation  made by ‘Institute of Chartered Accountants of  India’ thrice and other various stakeholders,The due date of filing of Income Tax returns for assessees covered under Explanation 2(a) to section 139 (1) of Income Tax Act 1961 (Act) has been extended to 15th October 2018 which were previously required to filed by 30th September 2018.

But the about extension will not be applicable for the purpose of Explanation 1 to Section 234A i.e. Interest for default in furnishings returns and the assessee shall be liable for payment of interest under section 234A of the said act.


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