Quick Summary
CBDT extends due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
- Form 10B is an audit report that must be filed by charitable and religious trusts under Section 12AB of the Income-tax Act, 1961.
- Form 10BB is an audit report that must be filed by educational and medical institutions under Section 10(23C) of the Income-tax Act, 1961.
- Form ITR-7 is the income tax return form that must be filed by charitable and religious trusts, political parties, scientific research institutions, universities, colleges, and other institutions
The due date of furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23, which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023.
The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is also extended to 30.11.2023.
CBDT Circular No. 16/2023 in 225/177/2023/ITA-II dated 18.09.2023 issued.
Official copy of the said Circular is mentioned below
FAQ :
The filing deadlines for Form 10B, Form 10BB, and Form ITR-7 have been extended.
Form 10B is an audit report required for charitable and religious trusts under Section 12AB of the Income-tax Act, 1961.
Form 10BB is an audit report required for educational and medical institutions under Section 10(23C) of the Income-tax Act, 1961.
Form ITR-7 is the income tax return form for charitable and religious trusts, political parties, scientific research institutions, universities, colleges, and other similar institutions.
The due date for furnishing audit reports in Form 10B/10BB for the Financial Year 2022-23 has been extended to 31st October 2023.
The due date for furnishing the Return of Income in Form ITR-7 for Assessment Year 2023-24 has been extended to 30th November 2023.
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