The government has extended the due date of filing the Audit Report and ITR for the A.Y. 2018-19 from 30th of September 2018 to 15th of October 2018. However, This must be noted by the taxpayers and the other interested parties that the interest u/s 234A will be payable by the Assessees.
The Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for the filing of the returns of the taxpayers whose accounts have to be audited.
“The CBDT extends the due date of filing the ITRs as well as reports of Audit (which was required to be filed till the said specified date) from September 30th 2018 to October 15th 2018 in respect of the said categories of the taxpayers,” the CBDT said in a statement.
However, there shall be no extension of the due date for the purpose of 234A of IT Act 1961 pertaining to interests for the default of furnishing returns, and the assessee shall be liable for the payment of interest u/s 234A, It added.