The Income-Tax department Tuesday extended the deadline for employers to issue Form 16 TDS certificate for the financial year 2018-19 to its employees by 25 days, till 10 July.
Even with this extension of the deadline, it would leave the salaried taxpayers with a limited time-frame of just 20 days to file their income-tax returns.
Further, the due date of filing of TDS (Tax Deducted at Source) statement by employers to the Income-Tax Department in Form 24Q for the financial year 2018-19 has been extended by a month till 30th June.
The Central Board of Direct Taxes (CBDT), in a statement, said the deadline is being extended with a view to redressing genuine the hardship of deductors in timely filing of TDS statement on account of revision of its format and consequent updating of the file validation utility for its online filing.
Thus, the due date for filing of TDS statement in Form 24Q for the financial year 2018-19 has been extended from 31st May to 30th June, while the same for issue of TDS certificate in Form 16 for FY19 has been extended from 15th June to 10th July.