Income Tax return FY 2018-19 deadline extended to August 31

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Income Tax Return Filing
Income Tax Return Filing

New Delhi : The Finance Ministry has extended the deadline to file an Income Tax return (ITR) for FY 2018-19 from July 31 to August 31, 2019.

The extension will be a much-needed relief for the individuals who have not filed their return yet.

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. 

"The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2019 to 31st August, 2019 in respect of certain categories of taxpayers who were liable to file their Returns by 31.07.2019," wrote Income Tax Department on Twitter. 

Income Tax Return late filing fine

If an individual misses the deadline to file the Income Tax Return then he can file the return by December 2019 with a fine of Rs 5000; if files it after December then there is a late fees of Rs 10,000.

With the extension of the deadline, individuals will have more time to file their ITRs without worrying about late filing fees.