Last Updated:
The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended
CBDT Extends October 31 Deadline
In a significant development for taxpayers, the Central Board of Direct Taxes (CBDT) has announced an extension for the due date of filing Income Tax Returns for the Assessment Year 2024-25.
In a notification issued under section 119 of the Income-tax Act, 1961, the deadline for assessees referenced in clause (a) of Explanation 2 to sub-section (1) of section 139 has been moved from October 31, 2024, to November 15, 2024.
Corporates now have until November 15, 2024, to file their income tax returns.
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 CBDT’s move aligns with its ongoing efforts to enhance taxpayer compliance while ensuring that individuals have adequate time to meet their obligations.
(This is a developing story, more details will be updated soon)
