ITR Date Extended

Income Tax Return

Under Section 119 of the Income Tax Act 1961, The Government on 23-July-2019 extended the due date for filing Income Tax Return by Individuals for financial year 2018-19 by a month till August 31.

Extension of Form 16 issue date

On 23rd July, 2019, Central Board of Direct Taxes (CBDT) had issued a notification extending the deadline for the employers to issue Form 16 to employees. It has been observed that several employees had still not received Form 16 even after the due date. With only a few days left, if Form 16 is received at a later date, the time to file ITR will understandably be less. Salaried taxpayers now have a shorter window to file their tax returns due to the extension of the due date of providing Form 16 for employers

Extension of Form 24Q issue date

The CBDT had also extended the due date of filing of Form 24Q for the financial year 2018-19 from July 31, 2019, to August 31, 2019. The Form 24Q is a quarterly statement of deduction of tax in respect of salary for the four quarters of the financial year and is to be filed by the employer. As per the new rules, the employers have to report correct data in Annexure II of Form 24Q.