The Income Tax Department has extended the deadline to file income tax return (ITR) for FY 2023-24 (AY 2024-25) from October 31, 2024, to November 15, 2024, in select cases. This extension applies only to specific taxpayers who are liable to submit a tax audit report by September 30, 2024, and file an ITR by October 31, 2024.
“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 13 9 of the Act, which is 31st October 2024 to 15th November, 2024,” said the Ministry of Finance via Central Board of Direct Taxes in a circular dated October 26, 2024.
For which taxpayers has the ITR filing deadline extended?
According to Chartered Accountant Deepak Chopra, chairman of the Direct Tax Committee at Karnataka State Chartered Accountants Association (KSCAA), you should note that the ITR filing deadline is extended for taxpayers covered under clause (a) of Explanation 2 to sub-section (1) of section 139.
Chopra explains below for whom the ITR filing deadline is extended and for whom it is not.
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