Need to extend Income Tax Return due date of July 31 to December 31
CBDT, vide its notification F. No. 275/38/2017-IT(B) Dated: 4th June, 2019, with a view to redress genuine hardship of deductors in timely filing of TDS statement in Form 24Q on account of revision of its format and consequent updating of the File Validation Utility for its online filing, in exercise of its powers under section 119 of the Income Tax Act, 1961 has extended the due date of filing of TDS statement in Form 24Q for financial year 2018-19 from 31st of May, 2019 to 30th of June, 2019 and also extended the due date for issue of TDS certificate in Form 16 for financial year 2018-19 from 15th of June, 2019 to 10th of July, 2019.
This leaves very few days to file returns by July 31, 2019 and a fine is imposed if the return is filed after due date under Section 234E.
Therefore CBDT is requested to extend Income Tax Return Due Date to December 31, 2019 to redress genuine hardship to tax payers. more
What information would be available in Form 24Q which would be required to fill in ITR for A.Y.2019-20? more
The CBDT has issued a notification to amend the Form 24Q and Form 16 (TDS certificate in respect of salary income) with effect from May 12, 2019. As per the new format, every employer is required to report the detailed break-up of salary, exempt allowances and deductions claimed and allowed to an employee.
Further, the income-tax return forms for AY 2019-20 were also amended by CBDT in line with the changes made in Form 24Q and Form 16. The move has been made to cross check the information.
“Every employer is required to issue Form 16 to his employee within 15 days of the due date of filing of TDS return. As the due date of filing of TDS return in respect of has been extended to June 30, 2019, the due date of issue of Form 16 has consequently been extended by 10 days to July 10, 2019,”. more
Time for filing will be extended sufficiently by CBDT. As it is, people have a tendency to do things at the last minute. If extended till December as somebody wants, you will crib next year that we have just filed once and its time to do again. Please change your mentality. more
form 16A is not yet received more
31st August will be the new date, I presume. 31st December is far off and why 5 months extension? more
It appears TDS on pension has not yet been updated and therefore filing the return is becoming difficult since deduction on account of TDS by Banks and that available on their site are at variance. It has been updated only upto December, 2018 more