Advertisement
In a circular, the Central Board of Direct Taxes (CBDT) said the deadline will be extended from the earlier target date of October 31.
The new deadline for Assessment Year 2024-25 (for furnishing tax returns for fiscal 2023-24) is November 15.
Nangia Andersen LLP Tax Partner Sandeep Jhunjhunwala said this extension would not apply to the Tax Audit Report, transfer pricing certification in Form 3CEB and other income tax forms like Form 10DA, for which the deadline would remain October 31, 2024.
Related Articles
Advertisement
“By extending the deadline to November 15, 2024, taxpayers and professionals alike can prioritise accuracy and compliance without the stress of last-minute filings amidst celebrations,” Mohan said.
Jhunjhunwala said, “This targeted extension seeks to facilitate compliance during a peak period while upholding the timely submission of critical audit documentation”.
Earlier in September, the CBDT had extended the due date for filing tax audit reports by 7 days till October 7.