‘Time Limit Laid Down’ Extended for ITR filing to August 31
Income Tax Return due date is extended to 31st August 2019 for Financial Year 2018-19. Earlier, the due date to file ITR was 31st July 2019 which is now postponed. This extended due date is applicable for all persons except Companies, Non-Companies whose books are required to be audited and Working partner of a firm whose accounts are required to be audited. Notably, many taxpayers find issues in filing their Income Tax Returns due to various reasons including extension of due date for issue of Form – 16 for the Financial Year 2018-19.
The statement passed by CBDT was “The ‘due date’ for filing income-tax returns for assessment year 2019-20 is 31.07.2019 for certain categories of taxpayers. It has been reported that some of the taxpayers are facing difficulties in filing their income tax returns due to various reasons including extension of due date for issue of Form 16 for the assessment year 2019-20,”
Thus, it is clearly mentioned that the demand for extension on filing ITR is prolonged from the issuing of tax deductions with proper source statements. The Income tax branch has postponed the deadline for employers to issue Form 16 TDS certificate for the financial year 2018-19 and extended with 25 days that is up to July 10th. The balance taxpayers who are left behind with a time frame of a maximum of 20 days to complete their ITR filing process. The July 16 reports were circulated all through the social media on the large changes in ITR Forms. The information from the income tax department is that the software is updated.
There is no hurry but not to delay. Rather proper submission before the last date is important.
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