CBDT extends Form 10B/10BB Audit Report Filing Deadline [Read Circular]

The Central Board of Direct Taxes ( CBDT ) has extended the deadline for the filing of Income Tax Audit Report under Form 10B/Form 10BB for the Assessment Year 2023-24 by trusts/institutions/funds.

The extension order stated that, “Central Board of Direct Taxes ('CBDT), by Circular No. 02/2024 dated 05.03.2024 had allowed those trusts/institutions/funds which have furnished audit reports on or before 31st October, 2023 in Form No. JOB where Form NO. 10BB was applicable and vice-versa, to furnish the audit report under clause (b) of the tenth proviso to clause ( 23C ) of section 10 and sub-clause (ii) of clause (b) of sub-section (l) of section 12A of the Income-tax Act, 1961, in the applicable Form No. 10B/ 10BB for the assessment year 2023-24, on or before 31st March, 2024.

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2. It has been brought to the notice of the CBDT that in some cases, such trusts/institutions/funds as mentioned above, could not file the audit report in the correct prescribed form.

3. On consideration Of the matter. with a view to avoid genuine hardship to those trusts/institutions/funds, for which the date of 3 March, 2024 was prescribed to furnish the audit report in the applicable Form No. 10B/10BB by the above mentioned Circular NO. 02/2024 dated 05.03.2024, the CBDT in exercise of the powers conferred under section 1 19 of the Act, hereby further allows such trusts / institutions/ funds to furnish such audit report in

the applicable Form No. 10B / 10BB on or before 10th November, 2024.”

To Read the full text of the Circular CLICK HERE

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