CBDT has extended the due date for filing of Income Tax Return (ITR) for AY 2024-25, from 31st October 2024 to 15th November 2024, in respect of corporate and other assessees subject to audit.
The due date for filing ITR has been extended for following classes of taxpayers referred to in clause (a) of Explanation 2 to section 139(1) of the Income Tax Act:
(a) Corporate-assessee; or
(b) Non-corporate assessee subject to audit of books of account under any law; or
(c) Partner of a firm whose accounts are required to be audited under any law or the spouse of such partner if the provisions of section 5A applies to such spouse.
CBDT Income Tax Circular 13/2024 dated 26/10/2024: Extension of due date for furnishing return of income for the Assessment Year 2024-25
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 assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 13 9 of the Act, which is 31st October 2024 to 15th November 2024.
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