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Alerts:

Tax Alert: Extension of due date from 30 September 2019 to 31 October 2019

27 September 2019

In light of challenges faced by the taxpayer in filing the audit report as well as income-tax return due to various reasons (including availability of limited time with tax professionals for completion of audits, floods in certain parts of the country etc.), the Central Board of Direct Taxes (CBDT) has issued an order under section 119 of the Income-tax Act, 1961 (the IT Act) extending the due date for filing the income tax returns as well as reports of audit (which are required to be filed by 30 September 2019), from 30 September 2019 to 31 October 2019. This extension is in respect of following types of taxpayers:

  • Company
  • Person (other than company) whose accounts are required to be audited under the IT Act or under any other law for the time being in force
  • Working partner of a firm whose accounts are required to be audited under the IT Act or under any other law for the time being in force

However, the taxpayer shall remain liable for payment of interest under section 234A of the IT Act.