People who have not yet filed their Income Tax returns may be scrambling as today is the supposed deadline for the filing. However, they can now breathe more peacefully as the deadline has been extended to August 31.

Share Market Live

NSE

The development comes after The Central Board of Direct Taxes (CBDT) last week made the decision to extend the due date for filing of Income Tax Returns from July 31.

Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘Due Date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers.

— Ministry of Finance (@FinMinIndia) July 26, 2018

“Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘Due Date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers,” tweeted the Ministry of Finance in its twitter account.

The decision is expected to aid thousands who are yet to file the returns for the previous fiscal year, mainly due to the long process it takes to make the filing.

First Published:Jul 31, 2018 9:54 AM IST