Mitali
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?
Yes, as per the Circular No. 13/2024, CBDT has been extended due date of furnishing ITR under sub section (1) of section 139 of the Act for Assessment Year 2024-25.
What is the Extended Date?
The date has been extended from 31st October 2024 to November 15, 2024.
Targeted Taxpayers
This extension applies to taxpayers specified in clause (a) of Explanation 2 to sub-section (1) of section 139, primarily those who are required to undergo tax audits.
Reason for Extension
The CBDT used its powers u/s 119 to provide relief for taxpayers facing challenges during the filing period, aiding compliance with income tax regulations.
Past 2 years Deadline Extensions for Audited Cases
Financial Year 2022-23:
In the AY 23-24, there was no extension for corporate/individual ITR or tax audit deadlines.
Financial Year 2021-22:
There was only 7-day extension in the AY 22-23 due to e-filing portal issues - October 7, 2022 for Tax Audit and November 7, 2022 for ITR requiring audit.
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