Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Budget 2024 makes new income tax regime more attractive: See how much taxes you can now save
 ITR filing 2024: New vs old income tax regimes, 6 key things to consider while filing your tax return
 These five technical glitches may impact your Income tax return (ITR) filing. Know here
 ITR filing 2023-24: How to optimise Section 80D deductions at the time of filing tax returns
 ITR filing 2023-24: Top 7 mistakes to avoid for hassle-free income-tax return filing this year
 Income tax returns for FY 2023-24: Keep these 8 tax law changes in mind while filing ITR this year
 ITR Filing 2024: Know who can and cannot file income tax returns using ITR-1 this year
 Income Tax Filing: 10 necessary guidelines that you must be aware of
 Why you should file your income tax returns before July 31
 What is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR)
 Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR?

Last day to file income tax returns today ITR filing
August, 31st 2018

For those who have not yet filed their income tax returns, today (August 31) is the last day to do so failing which the taxpayers may attract a fine of up to Rs 10,000.

As the deadline to file ITR comes to an end, taxpayers are advised to rush in to file complete the return filing process. This year, taxpayers are required to submit the returns for the 2017-18 financial year and the assessment year would be 2018-19.

Filing ITR can be done both online and offline. Not filing ITR or late filing can attract penalty up to Rs 10,000.

Taxpayers must keep all the required details like PAN, Form 16 and other important documents in hand while filing returns.

In a big relief to millions of taxpayers, the government had earlier extended the last day for filing of Income Tax Returns (ITR) from July 31 to August 31.

Also, in view of the natural crisis in Kerala, the Central Board of Direct Taxes (CBDT) had extended the date for filing of income tax returns for taxpayers in Kerala.

The CBDT extended the due date for furnishing income tax returns from August 31 to September 15, 2018, for all pending assessees in Kerala.

In a tweet, the Income Tax department said, “Due to the disruption caused by severe floods in Kerala, CBDT hereby further extends the due date for furnishing income tax Returns from 31st August, 2018 to 15th September 2018 for all income tax assessees in the state of Kerala."

CBDT had earlier said that non-filing of ITR before the due date from this assessment year would lead to a penalty of Rs 1,000, 5,000 and Rs 10,000, depending on when the returns were filed after the deadline.

The fine for taxpayers having income under Rs 5 lakh remained at Rs 1,000.

The Income Tax Department had also issued advertisement guiding taxpayers over their ITR filing on multiple occasion.

The department opened an e-filing window for income tax return (ITR) for the assessment year 2018-19 on its website for salaried employees.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting