CBDT CIRCULAR No 4/2018 : Income Tax Return Due date will not be extended

By | July 21, 2018
(Last Updated On: July 21, 2018)

CBDT CIRCULAR No 4/2018

Summary of CBDT CIRCULAR No 4/2018

(CBDT), clarified on 21.07.2018  that the rumors spreading across in social media regarding extension in due date for non-tax audit cases is fake. The Income Tax department further clarified that there are no such plans to extend this deadline beyond 31st July, 2018.

Read  CBDT 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 July, 2018

Order under section 139(1) of the Income-tax Act, 1961 (‘the Act’)

This Circular is issued in pursuant to Section 139(1) of the Income Tax Act, 1961 is to clarify that rumors spreading across in social media regarding 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. The department has already received over 1 crore returns filed electronically.

As per Section 234F of the Income Tax Act, from 1st April 2018, the penalty for late filing income tax return would be as follows:

(a) five thousand rupees, if the return is furnished on or before the 31st day of December of the assessment year;

(b) ten thousand rupees in any other case:

Provided further that if the total income of the person does 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 above due date to avoid the penalty.

(Sanyam Suresh Joshi)
DCIT, CBDT

Copy to:
1. PS to FM/OSD to FM/PS to MoS(F)/OSD to MoS(F)
2. PS to Secretary (Revenue)
3. Chairman, CBDT
4. All Members, CBDT
5. All Pr. DGsIT/Pr. CCsIT
6. All Joint Secretaries/CsIT, CBDT
7. Directors/Deputy Secretaries/Under Secretaries of CBDT
8. DIT (RSP&PR)/Systems, New Delhi
9. The C&AG of India (30 copies)
10. The JS & Legal Adviser, Ministry of Law & Justice, New Delhi
11. The Institute of Chartered Accountants of India
12. All Chambers of Commerce
13. CIT (M&TP), Official Spokesperson of CBDT
14. O/o Pr. DGIT (Systems) for uploading on official website

CBDT CIRCULAR No 4/2018 : Income Tax Return Due date will not be extended

CBDT CIRCULAR No 4/2018, Download CBDT CIRCULAR No 4/2018, Print CBDT CIRCULAR No 4/2018

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source
New Books Released on Tax , GST and law

One thought on “CBDT CIRCULAR No 4/2018 : Income Tax Return Due date will not be extended

  1. Pingback: Last Date to file ITR for AY 2018-19 (FY 2017-18) - Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *