The finance ministry (Smt.Nirmala
Sitharaman) has extended the deadline for filing income tax return (ITR)
for FY2018-19 by individuals to 31st August, 2019 (Sat) from July 31, 2019. The
extension is a much needed relief as there were multiple problems being faced
by individuals in filing ITR by 31st July.
31st July was the deadline for filing income tax returns for most individuals and HUFs. This is that category of individuals and HUFs who are not mandatorily required to get their accounts audited for tax purposes.
Many chartered accountant/tax practioner societies had appealed to the government to extend the ITR filing deadline to provide sufficient time to individuals to file ITR properly. There are many reasons for this.
This year CBDT (Central Board of Direct Taxes) had extended the deadline for employers to file their TDS returns, that is, Form 24Q, from May 31, 2019 to June 30, 2019 and consequently deadline of issuing Form 16 by the employer was also extended from June 15, 2019 to July 31.
31st July was the deadline for filing income tax returns for most individuals and HUFs. This is that category of individuals and HUFs who are not mandatorily required to get their accounts audited for tax purposes.
Many chartered accountant/tax practioner societies had appealed to the government to extend the ITR filing deadline to provide sufficient time to individuals to file ITR properly. There are many reasons for this.
This year CBDT (Central Board of Direct Taxes) had extended the deadline for employers to file their TDS returns, that is, Form 24Q, from May 31, 2019 to June 30, 2019 and consequently deadline of issuing Form 16 by the employer was also extended from June 15, 2019 to July 31.
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