Income tax return (ITR) filing deadline extended for these cases by 1 month

ITR filing: Central Board of Direct Taxes (CBDT) has good news for taxpayers! For special cases requiring audit reports, the apex income tax body, the CBDT, on Thursday decided to extend the September 30 deadline by a month for filing of income tax returns (ITRs). Issuing a late-night statement, the CBDT has extended the new deadline by October 31.

The statement available on income tax department's official Twitter page said, "On consideration of representations recd (received) from across the country, CBDT has decided to extend the due date for filing of ITRs & Tax Audit Reports from 30th Sep 2019 to 31st of Oct, 2019 in respect of persons whose accounts are required to be audited."

On consideration of representations recd from across the country,CBDT has decided to extend the due date for filing of ITRs & Tax Audit Reports from 30th Sep,2019 to 31st of Oct,2019 in respect of persons whose accounts are required to be audited.Formal Notification will follow.

— Income Tax India (@IncomeTaxIndia) September 26, 2019

The CBDT said that a formal notification for the same will be issued soon. Notably, this category of ITR is to be filed by those entities that are assessed under section 44AB of the I-T Act such as companies, partnership firms, proprietorship among others and their accounts are to be audited before filing. Certain categories of individuals like a working partner in a firm also fall under this clause.

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The Central Board of Direct Taxes, which frames a policy for the income tax department, has also cautioned taxpayers on Sept 24 about a false news saying, "The notification of due date extension pertaining to filing of ITRs that is being circulated on social media platforms is not genuine. Taxpayers are advised not to fall prey to such false news."