The Central Board of Direct Taxes (CBDT) has granted an extension for taxpayers who require a tax audit. The original deadline of October 31, 2024, has been moved to November 15, 2024. This extension aims to provide relief to taxpayers facing challenges and ensure better compliance with income tax regulations.
Due date to file ITR, those requiring an audit is October 31, 2024. Within this due date taxpayers such as company (whether tax audit applicable or not applicable), other than a company and partner of the firm are required to file the return.
Is there any Extension has been Announced by the CBDT?
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FAQ :
The deadline for filing Income Tax Returns (ITR) for taxpayers requiring an audit has been extended to November 15, 2024.
This extension applies to taxpayers who are required to undergo tax audits, as specified in clause (a) of Explanation 2 to sub-section (1) of section 139.
The original deadline for filing ITR for taxpayers requiring an audit was October 31, 2024.
The CBDT used its powers under section 119 of the Act to grant this extension.
For the Financial Year 2022-23 (AY 23-24), there was no extension. For the Financial Year 2021-22 (AY 22-23), there was a 7-day extension due to e-filing portal issues.