Regarding applicability of extened due date

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The CBDT has extended the income tax return filing due date for AY 2024-25 from 31st October to 15th November 2024. This extension primarily applies to companies and individuals whose accounts require a tax audit. If a company only requires a statutory audit and not a tax audit, the original due date generally applies, and filing after 31st October may incur late fees under Section 234F.

Divyesh Ajmera

Divyesh Ajmera (Querist)

28 October 2024 Extended due date is applicable for directors return like partner of firm returns?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

28 October 2024 Yes..
CBDT has vide Circular no. 13/2024 Dt. 26.10.2024 extended the due date for filing Income tax return for AY 2024-25 from 31st October to 15th November 2024.

Clause (a) of explanation 2 covers the below mentioned persons:
Explanation 2.—In this sub-section, “due date” means,—

(a) where the assessee other than an assessee referred to in clause (aa) is—

(i) a company; or

(ii) a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force; or

(iii) a partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force or the spouse of such partner if the provisions of section 5A applies to such spouse

Divyesh Ajmera

Divyesh Ajmera (Querist)

28 October 2024 which sub-clause includes "Director of Company" , for the purpose of extended due date?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

28 October 2024 If your company requires tax audit: Your due date is October 31st of the assessment year, which has got extension to 15 th November, 2024.

Divyesh Ajmera

Divyesh Ajmera (Querist)

29 October 2024 Company does not require tax audit but statutory audit only, so due date of return of directors of company is extended? Or in case require tax and statutory both then?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

29 October 2024 If company is liable for tax audit then only this extension, otherwise due date was July end.

Divyesh Ajmera

Divyesh Ajmera (Querist)

29 October 2024 How many penalty applicable for filing directors return after 31st October in statutory audit cases?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

29 October 2024 Now you can file belated ITR u/s. 139(4) IT act. Late fees u/s 234F (between Rs.1000/- or Rs.5000/-) will be calculated by the utility, based on total income.

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