The Central Board of Direct Taxes (CBDT) has issued Circular No. 02/2025, extending the due date for filing Form No. 56F under the Income-tax Act, 1961. This extension provides relief to taxpayers and stakeholders facing challenges in timely submission of the accountant's report required under Section 10AA(8) and Section 10A(5) of the Act.
Key Highlights of the Circular
- Extended Due Date: The filing deadline for Form No. 56F for Assessment Year (AY) 2024-25 has been extended from the original Section 44AB deadline to March 31, 2025.
- Reason for Extension: Reported difficulties in obtaining and filing the accountant's report within the original timeframe.
- Legal Basis: The extension has been granted under Section 119(2)(b) of the Income-tax Act, 1961, to alleviate genuine hardship faced by taxpayers.
Text of the circular is as follows
F.No. 300173/1112025-ITA-IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(IT A-I Division)
Sub: Extension of due date for filing of Form No. 56F under the Income-tax Act, 1961- reg.
On consideration of difficulties reported by the taxpayers and other stakeholders in timely filing of report of accountant required to be filed under sub-section (8) of section 10AA read with sub-section (5) of section 10A of the Income-tax Act, 1961 ('the Act') and with a view to avoid genuine hardship to such cases, the Central Board of Direct taxes, in exercise of its powers under section 119(2)(b) of the Income Tax Act, 1961, hereby extends the due date of filing of report of the accountant as required to be filed under sub-section (8) of section 10AA read with sub-section (5) of section 10A of the Act, for Assessment year 2024-25 from the specified date under section44AB of the Act to 31.03.2025.
(Ashwani Kumar)
Under Secretary to the Govt. of India
Official copy of the circular has also been attached
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