The Indian government has extended the filing date for income tax returns by individuals for the financial year 2018/19 until August 31, Hindustan Times reports.
Individuals (including salaried taxpayers and entities) who do not require account audits were previously expected to file income tax returns for 2018/19 (the Assessment Year 2019/20) by July 31, 2019.
In a statement, the finance ministry announced, “The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from July 31, 2019, to August 31, 2019, in respect of the said categories of taxpayers.”
The extension announcement follows demands for an extension in the individual tax return filing date since a delay in the issuance of tax deducted at source (TDS) statement for fiscal year 2018/19.
Last month the income tax department reportedly extended the deadline for employers to issue Form 16 TDS certificate for 2018/19 to its employees by 25 days, until July 10. The change left affected taxpayers only 20 days to file their income tax returns.
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The Indian government has extended the filing date for income tax returns by individuals for the financial year 2018/19 until August 31, Hindustan Times reports.
Individuals (including salaried taxpayers and entities) who do not require account audits were previously expected to file income tax returns for 2018/19 (the Assessment Year 2019/20) by July 31, 2019.
In a statement, the finance ministry announced, “The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from July 31, 2019, to August 31, 2019, in respect of the said categories of taxpayers.”
The extension announcement follows demands for an extension in the individual tax return filing date since a delay in the issuance of tax deducted at source (TDS) statement for fiscal year 2018/19.
Last month the income tax department reportedly extended the deadline for employers to issue Form 16 TDS certificate for 2018/19 to its employees by 25 days, until July 10. The change left affected taxpayers only 20 days to file their income tax returns.
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India improves with Labour reform
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