Tax return filing due date for tax year 2018-19 extended to 31 August 2019

23 Jul 2019 PDF
Subject Alerts
Categories Direct Tax Tax
Jurisdictions India

The Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of Income Tax Returns from 31 July 2019 to 31 August 2019.

As per the Indian Tax Laws (ITL)[1], in case of taxpayers being individuals and Hindu Undivided Families, the due date for submission of their tax returns for tax year 2018-19 is 31 July 2019. Furthermore, if a taxpayer does not furnish tax return after the due date, but before 31 December of the following tax year, the taxpayer shall be liable for payment of late fee of INR5,000. On further delay, the fee will be increased to INR10,000[2].

The Central Board of Direct Taxes (CBDT)[3], vide order dated 23 July 2019[4], has extended the due date for filing tax return in relation to tax year 2018-19 for all taxpayers which are liable to file their tax returns by 31 July 2019, to 31 August 2019. The extension is granted primarily due to difficulties being faced by taxpayers in furnishing the tax returns for various reasons, including extension of due date for furnishing Form 16[5] for tax year 2018-19.

[1]. Section 139 of the Income Tax Act, 1961
[2]. However, fee cannot exceed INR1,000 if the income of the taxpayer is less than INR0.5m
[3]. Apex body for administration of direct taxes in India
[4]. F. No. 225/157/2019/ITA.II
[5]. CBDT Order dated 4 June 2019