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CBDT Extends ITR Filing Deadline for Corporates by 15 Days Till November 15
CBDT Extends October 31 Deadline
In a substantial development for taxpayers, the Central Board of Direct Taxes (CBDT) has truly revealed an enlargement for the due day of declaring Income Tax Returns for the Assessment Year 2024-25.
In a discover offered beneath space 119 of the Income- tax obligation Act, 1961, the due date for assessees referenced in provision (a) of Explanation 2 to sub-section (1) of space 139 has truly been relocated from October 31, 2024, to November 15, 2024.
Corporates presently have up till November 15, 2024, to submit their tax return.
Nangia Andersen LLP Tax Partner Sandeep Jhunjhunwala said this enlargement will surely not placed on the Tax Audit Report, switch costs qualification in Form 3CEB and varied different income tax return like Form 10DA, for which the due date will surely proceed to be October 31, 2024.
CBDT Extends Due Date for offering Return of Income for Assessment Year 2024-25. ✅The due day for assessees beneath provision (a) of Explanation 2 to Sub Section (1) of Section 139 has truly been expanded from October 31, 2024, to November 15, 2024.
✅Circular No 13/2024 outdated … pic.twitter.com/rstiKeYCEA
— Income Tax India (@IncomeTaxIndia) October 26, 2024
Jhunjhunwala included, “This targeted extension seeks to facilitate compliance during a peak period while upholding the timely submission of critical audit documentation”.
The CBDT’s motion straightens with its steady initiatives to spice up taxpayer conformity whereas ensuring that folks have acceptable time to fulfill their commitments.
Earlier in September, the CBDT had truly expanded the due day for submitting tax obligation audit information by 7 days until October 7.
News firm” tax obligation CBDT Extends Due Date For Corporates Furnishing ITR For AY 2024-25
