What to do if you have missed ITR filing deadline
While the income tax dept allows ITR late filing until one year from the end of the relevant financial year, you will need to pay a penalty and may lose some benefits
New Delhi: The deadline to file income tax returns (ITR) got over on 31 August, after being extended by a month, for assessment year (AY) 2018-19. The total number of ITR e-filings between 1 April and 31 August 2018 was 54.2 million against 31.7 million in the same period in 2017, an increase of 70.86%, according to the income tax department. However, the numbers are still lower than the total number of returns filed (67.5 million) during the entire financial year 2017-18.