The Central Board of Direct Taxes ( CBDT ), under the Ministry of Finance, has announced an extension of the deadline for filing various audit reports for the Assessment Year 2024-25 (FY 2023-24) from September 30 to October 7, 2024.
This decision comes after considering the challenges faced by taxpayers and other stakeholders in the electronic filing of audit reports as mandated under the Income-tax Act, 1961.
CBDT also tweeted the same in the X post:
The CBDT has exercised its powers under Section 119 of the Income Tax Act to extend the deadline for furnishing audit reports for the previous year (2023-24) from the original due date of September 30, 2024, to October 7, 2024.
This extension applies specifically to the assessees referred to in clause (a) of Explanation 2 to sub-section (1) of Section 139 of the Income-tax Act.
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Dr. Camro Jayaprakash, Under Secretary to the Government of India, issued the circular. The CBDT has requested stakeholders to take note of the extension and file the necessary reports within the new timeline.
The announcement has also been circulated to relevant officials and organizations, including the Institute of Chartered Accountants of India.
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