The Central Board of Direct Taxes (CBDT) has issued Circular No. 13/2024, extending the due date for furnishing the Income Tax Return (ITR) for Assessment Year (AY) 2024-25. This extension applies to certain taxpayers specified under clause (a) of Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961. The due date, previously set for October 31, 2024, has now been extended to November 15, 2024.
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This extension, granted under the powers of section 119 of the Income-tax Act, 1961, allows eligible taxpayers additional time to accurately prepare and file their returns for AY 2024-25.
Key Details of the Due Date Extension
- Extended Due Date: The original due date of October 31, 2024, is now extended to November 15, 2024.
- Applicable Taxpayers: This extension is available to taxpayers mentioned under clause (a) of Explanation 2 of sub-section (1) of section 139 of the Income-tax Act, 1961. This typically includes companies, firms, and individuals who are required to get their accounts audited under the Act.
Implications of the Extension
The CBDT recognizes the challenges taxpayers may face in finalizing their returns and has accordingly provided this extension to ensure accurate and timely compliance. Eligible taxpayers should take this opportunity to review and complete their filings without the risk of penalties for missing the original deadline.
Legal Basis of Extension
The CBDT issued this extension under section 119 of the Income-tax Act, 1961, which authorizes the Board to provide relief or extend deadlines in cases where compliance within the existing deadlines may be challenging.
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Thank you so much mam
While it may be for Diwali, but for sure the Income Tax filing portal is not working well at all. I request our Government to please take up the matter seriously enough with the concerned software company