INSUBCONTINENT EXCLUSIVE:
Assessees were required to file their income tax returns (ITR) by July 31 earlierThe government on Thursday extended the deadline for filing
income tax return for assessment year 2018-19
The deadline of July 31, 2018 has been extended by a month, the Ministry of Finance said in a statement
taxman imposes a fine up to Rs 10,000 for delayed filing of income tax returns
Filing the income tax return after the new deadline of August 31 will attract a penalty of up to Rs
the said categories of taxpayers," the ministry said.The Central Board of Direct Taxes is the apex policy-making body of the Income Tax
Department.Around 6.84 crore income tax returns were filed during financial year 2017-18, compared to 5.43 crore filed in the previous year,
as per government records.(With agency inputs)
