The change has come into play this year onwards. There are also other consequences - if you have any loss to be carried forward (except loss from house property), you will not be able to do so if you file after the due date. You will also end up losing out interest if you claim any refund in the belated return. In extreme cases, tax authorities can even invoke prosecution provisions under Section 276CC of the Income-Tax Act where there is default in filing the return subject to conditions contained therein.
Given this, it is better that you file your return before the due date, and in case any omission/error happens, you may have to revise it before March 31, 2019. Also, make sure that you pay all the taxes due, otherwise you will end up paying interest and also be exposed to other penal consequences.
Assuming if you do not get Form 16 before the due date of filing the return, you can consider the amount of salary income and taxes deducted and deposited thereon by your employer from your Form 26AS•. But, you need to report the break-up of their salary - allowances not exempt, the value of perquisites, profit in lieu of salary and deductions claimed under Section 16 in the return form. These details are available in Form 16 and Form 12BA which employer issues to the employees only and if you do not have the Form 16, you need to compute these amounts and accordingly file returns with the tax department.
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