{"id":6956,"date":"2018-07-22T10:12:02","date_gmt":"2018-07-22T10:12:02","guid":{"rendered":"https:\/\/sunkrish.com\/?p=6956"},"modified":"2018-07-22T10:22:55","modified_gmt":"2018-07-22T10:22:55","slug":"no-due-date-extension-for-filing-income-tax-cbdt","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2018\/07\/22\/no-due-date-extension-for-filing-income-tax-cbdt\/","title":{"rendered":"No Due Date Extension for filing Income Tax \u2013 CBDT"},"content":{"rendered":"

CBDT confirms News of Income Tax Return filing due date extension in Social Media is Fake<\/strong><\/span><\/p>\n

\u00a0<\/strong><\/span><\/p>\n

\"\"<\/a>
CBDT \u2013 extension in due date for non-tax audit cases is fake and there are no such plans to extend this deadline beyond 31st July, 2018<\/figcaption><\/figure>\n

CIRCULAR No.4\/2018<\/p>\n

 <\/p>\n

F.No.370889\/25\/2018<\/strong>
\nGovernment of India<\/strong>
\nMinistry of Finance<\/strong>
\nDepartment of Revenue<\/strong>
\nCentral Board of Direct Taxes<\/strong><\/p>\n

 <\/p>\n

New Delhi, Dated 21st July, 2018<\/p>\n

 <\/p>\n

Order under section 139(1) of the Income-tax Act, 1961 (\u2018the Act\u2019)<\/u><\/strong><\/p>\n

This Circular is issued in pursuant to 139(1) of the Tax Act, 1961 is to clarify that rumors<\/strong> spreading across in media regarding extension in due date for non-tax audit is fake and no such plans to extend this deadline beyond 31st July, 2018<\/strong><\/em>.<\/strong> The department already received over 1 crore returns filed electronically.<\/p>\n

<\/div>\n

As per Section 234F of the Income Tax Act, from 1st April 2018, the penalty for late filing income tax return would be as<\/p>\n

(a) five thousand rupees, if the return is furnished on or the 31st day of December of the\u00a0assessment year;<\/strong><\/p>\n

(b) ten thousand rupees in any other case:<\/strong><\/p>\n

Provided further that if the total income of the person not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees. Therefore, the assessees are hereby asked to file their ITRs before the due date to avoid the penalty.<\/p>\n

 <\/p>\n

(Sanyam Suresh Joshi)<\/strong><\/p>\n

DCIT, CBDT<\/strong><\/p>\n

Copy to:<\/p>\n

1. PS to FM\/OSD to FM\/PS to MoS(F)\/OSD to MoS(F)
\n2. PS to Secretary (Revenue)
\n3. Chairman, CBDT
\n4. All Members, CBDT
\n5. All Pr. DGsIT\/Pr. CCsIT
\n6. All Joint Secretaries\/CsIT, CBDT
\n7. Directors\/Deputy Secretaries\/Under Secretaries of CBDT
\n8. DIT (RSP&PR)\/Systems, New Delhi
\n9. The C&AG of India (30 copies)
\n10. The JS & Legal Adviser, Ministry of Law & Justice, New Delhi
\n11. The Institute of Chartered Accountants of India
\n12. All Chambers of Commerce
\n13. CIT (M&TP), Official Spokesperson of CBDT
\n14. O\/o Pr. DGIT (Systems) for uploading on official website<\/p>\n

CBDT confirms News of Income Tax Return filing due date extension in Social Media is Fake \u00a0 CIRCULAR No.4\/2018   F.No.370889\/25\/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   New Delhi, Dated 21st … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,493,491],"tags":[450,322,832,455,451,523,723,295],"class_list":["post-6956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-central-board-of-direct-taxes-cbdt","tag-e-filing","tag-electronic-verification-code-evc","tag-income-tax","tag-income-tax-return-itr","tag-online","tag-tax-audit","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=6956"}],"version-history":[{"count":11,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6956\/revisions"}],"predecessor-version":[{"id":6968,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6956\/revisions\/6968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3363"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=6956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=6956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=6956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Source: CBDT_Circular<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"