ITR Filing due date: The CBDT issued Circular No.13 /2024 dated October 26, 2024 regarding the Extension of due date for furnishing return of income for the AY 2024-25 for audited cases from October 31, 2024 to November 15, 2024.
The Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Income-tax Act. 1961 (‘the Act’). extends the due date of furnishing of Return of Income under sub-section (1) of section 139 of the Act for the Assessment Year 2024-25 in the case of assessee’s referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, which is 31st October, 2024 to 15th November, 2024.
Read Also: Income Tax: Do you need to pay Tax on Diwali Gifts?
Another expert said, “This targeted extension seeks to facilitate compliance during a peak period while upholding the timely submission of critical audit documentation”.
Earlier in September, the CBDT had extended the due date for filing tax audit reports by 7 days till October 7.
Disclaimer: The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.
Also, www.babatax.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.
For Collaborating with us-
- Mail us at [email protected]
- Whatsapp us at +91-7024984925
