IT Return filing deadline extended to August 31(Date posted: 3/08/2018)
The finance ministry in a tweet announced the extension of ITR filing deadline by a month to August 31, 2018. The notice states that the Central Board of Direct Taxes (CBDT) is extending the ‘Due Date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers.
A new section 234F was inserted by the government in the Income Tax Act. As per this section, an individual would have to pay a fee of up to Rs 10,000 for filing income tax return after the due dates specified in section 139(1) of the Act.