The Central Board of Direct Taxes (CBDT) has notified the extension of due date for furnishing belated/revised return of income for the Assessment Year 2024-25.

The Board has extended the last date for furnishing belated return of income under sub-section (4) of section 139 of the Income Tax Act or for furnishing revised return of income under section 139(5) of the Income Tax Act for the Assessment Year 2024-25 in the case of resident individuals from 31$ December, 2024 to 15th January, 2025.

Under Section 139(5) of the Income Tax Act, a taxpayer can submit a revised return if they discover any omissions or errors in their original filing. This could include incorrect income reporting, missed deductions, or even typographical mistakes.

December 31, 2024, is the deadline to file the belated and revised income tax returns (ITRs) for FY 2023-24 (AY 2024-25). However, the CBDT has extended this deadline for resident individuals to 15th January 2025.

Circular Details

Circular No. 21/2024

Date: 31/12/2024