Quick Summary
The Central Board of Direct Taxes (CBDT) has announced an extension for furnishing belated or revised income tax returns for the Assessment Year (AY) 2024-25. In a recent notification, the CBDT exercised its powers under Section 119 of the Income-tax Act, 1961, to extend the deadline for resident individuals.
Originally set for December 31, 2024, the due date for submitting these returns has now been extended to January 15, 2025. This move is intended to provide taxpayers with additional time to file their belated returns under Section 139(4) or revised returns under Section 139(5) of the Act for the relevant assessment year.
Official copy of the circular has also been attached
FAQ :
The deadline for furnishing belated or revised Income Tax Returns (ITR) for the Assessment Year 2024-25 has been extended to January 15, 2025.
This extension is for resident individuals who need to furnish belated or revised Income Tax Returns for the Assessment Year 2024-25.
The original deadline for furnishing belated or revised ITR for AY 2024-25 was December 31, 2024.
This extension pertains to belated returns filed under Section 139(4) and revised returns filed under Section 139(5) of the Income-tax Act, 1961.
The Central Board of Direct Taxes (CBDT) announced this extension.
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