The Central Board Of Direct Taxes (CBDT) has extended the due date for furnishing return of income for Assessment Year 2024-25.
“The Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Income-tax. Act,1961 (‘the Act’), extends the due date of furnishing of Return of Income under sub-section (1) of section 139 of the Act for the Assessment Year 2024-25 in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Income Tax Act, which is 31’1 October, 2024 to 15th November, 2024,” the CBDT notified.
The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended from October 31, 2024, to November 15, 2024.
Table of Contents
Know Who All Are Benefited From Extension Due Date For Furnishing Return Of Income
All who are covered under clause (a) of Explanation 2 to Sub Section (1) of Section 139 are benefited which includes:
- a company; or
- 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
- 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].
Circular Details
Circular No.13 /2024
Date: 26/10/2024
