According to the F.No. 225/358/2018/ITA.II, the Government has extended the deadline to file income tax returns and audit report for the financial year 2017-18 from September 30 to October 31 for businesses requiring tax audit and for companies.
Government has also extended the deadline of filing income tax return for individual taxpayers from 31st July to 31st August for the financial year 2017-2018.
However, September 30 (for Companies) and 31st July (for Individuals) still remains the last dates to pay income tax due, if any, to avoid interest under section 234A.
Refer the table for due dates of filing Tax for FY 2017 – 2018
| Category of Tax Payer | Due Date for Tax Filing – FY 2017-18 |
|---|---|
| Individual | August 31st, 2018 |
| Body of Individuals (BOI) | August 31st, 2018 |
| Hindu Undivided Family (HUF) | August 31st, 2018 |
| Association of Persons (AOP) | August 31st, 2018 |
| Businesses (Requiring Audit) | September 30th, 2018 (extended to 31st October 2018) |
| Businesses (Requiring TP Report) | November 30th, 2018 |
In its tweet, the income tax department has posted – “CBDT extends due date for filing of Income Tax Returns & audit reports from 30th Sept, 2018 to 15th Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018, after considering representations from stakeholders.”