MINISTRY OF DEFENCE
DEPARTMENT OF DEFENCE PRODUCTION
Tuesday, July 31, 2018
PENSIONER - Facilities for Pensioners through 'Web Responsive Pensioners Service'(WRPS) of CPAO
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
Tuesday, July 24, 2018
INCOME TAX - No Due Date Extension for filing Income Tax – 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
This Circular is issued in pursuant to 139(1) of the Tax Act, 1961 is to
clarify that rumors spreading across in media regarding extension in
due date for non-tax audit is fake and no such plans to extend this
deadline beyond 31st July, 2018. The department 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
(a) five thousand rupees, if the return is furnished on or 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 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 due date to avoid the penalty.
(Sanyam Suresh Joshi)
DCIT, CBDT
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