Income-Tax dept extends deadline for issuance of Form 16

The Income-Tax department Tuesday extended the deadline for employers to issue Form 16 TDS certificate for financial year 2018-19 to its employees by 25 days, till 10 July. However, the extension would leave the salaried taxpayers with a limited time-frame of just 20 days to file their income-tax returns.

Also the due date of filing of TDS (tax deducted at source) statement by employers to the Income-Tax Department in Form 24Q for financial year 2018-19 has been extended by a month till 30 June.