The income tax law mandates the filing of return by July 31 for individuals and HUF for the assessment year 2018-19. The extension of the due date shall offer a respite from the fee charged u/s 234F of the Income Tax Act. The Ministry of Finance, in a notification issued today, has announced the extension of the due date for filing the Income Tax return to 31st August from 31st July, 2018. The income tax law mandates the filing of return by July 31 for individuals and HUF for the assessment year 2018-19. For a certain category of taxpayers, the deadline to file the return is beyond July 31st. This extension has been done for the category of taxpayers who are required to file their return before July 31st.
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