New Delhi/IBNS: The Central Board of Direct Taxes (CBDT) announced an extension for corporate income tax return filing for the Assessment Year (AY) 2024-25.
Companies now have until November 15, 2024, to file their returns, pushing back the previous deadline of October 31, 2024.
According to the Ministry of Finance, the new deadline applies to taxpayers covered under sub-Section (1) of Section 139 of the Income-tax Act, 1961.
CBDT Extends Due Date for furnishing Return of Income for Assessment Year 2024-25.
?The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended from October 31, 2024, to November 15, 2024.
?Circular No. 13/2024 dated pic.twitter.com/rstiKeYCEA
Income Tax India (@IncomeTaxIndia) October 26, 2024
The official notification was issued under Section 119 of the same Act, which specifically amends the deadline for assessees mentioned in clause (a) of Explanation 2 to sub-section (1) of Section 139.
The extension aims to give corporations additional time to complete their filings accurately and comprehensively.
