Only 15 days extension for Tax Audit Report

Only 15 days extension for Tax Audit Report


After so many requests, after three representations by the most premium Institute of India i.e. The Institute of Chartered Accounts of India the Final Breaking News is out.
Government has extended the Due Date for Submission of Tax Audit Report Forms.
Chartered Accountants have to no longer sit late nights and hurry completing their work.
They are given 15 days time even though all were expecting 30 days.
So, get ready all the Chartered Accountants for 15 days bonus by Respected  FM.
Only 15 days date extension for Tax Audit Report

F.No. 225/358/2018/ITA.II

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

North-Block, !TAM Division New Delhi, the 24th of September, 2018

Order under Section 119 of the Income-tax Act, 1961

On due consideration of representations from various stakeholders for extending the due date, being 30” September, 2018, for filing of income-tax returns and various reports of audit pertaining to assessment-year 2018-19 for assessees’ covered under clause (a) of ‘Explanation 2 to section 139(1) of the Income-tax Act, 1961 (Act) read with relevant provisions of the Act & Income-tax Rules, the CBDT, hereby extends the due date for filing of income-tax returns as well as all reports of audit (which were required to be filed by the said specified date), from 30’ September. 2018 to 15. October, 2018- However, there shall be no extension of the due date for purpose of Explanation 1 to section 234A (Interest for defaults in furnishing return) of the Act and the assessee shall remain liable for payment of interest as per provisions of section 234A of the Act