CBDT extends deadline for filing income tax return, audit report till October 31

The Central Board of Direct Taxes (CBDT) on Monday relaxed the deadline for filing Income Tax return (ITR) and audit report for financial year 2017-18 till October 31.

This is the second extension within a fortnight of the CBDT, earlier extending the deadline for tax payers whose accounts have to be audited from September 30 to October 15.

"Upon consideration of representations from various stakeholders, CBDT further extends the 'due date' for filing of Income Tax Returns as well as reports of Audit from 15th October, 2018 to 31st October, 2018 in respect of the said categories of taxpayers," the CBDT said in a statement.

The assessees filing their return of income within the extended due date shall be liable for levy of interest as per provisions of section 234A of the Income-tax Act, 1961, the CBDT added.