The Central Board of Direct Taxes (CBDT), vide circular no. 18/2023 issued on 20th October 2023 has granted the extension for the Assessment Year 2023-24 accountant report filing under Section 10AA(8) of the Income Tax Act, 1961 deadline to 31st december 2023.
The circular states as follows:
“On consideration of difficulties arising to the taxpayers and other stakeholders in timely filing of report of accountant required to be filed under clause (8) of section 10AA read with clause (5) of section IOA of the Income -tax Act, 1961 on account of notification of relevant Form 56F on 19.10.2023 and with a view to avoid genuine hardship to such cases, the Central Board of Direct Taxes, in exercise of its powers under 119(2)(b) of the Income Tax Act, 1961, hereby extends the due date of filing of report of the accountant as required to be filed under clause (8) of section IOAA read with clause (5) of section IOA of the Act, for Assessment Year 2023- 24 from the specified date under section 44AB to 31st of December, 2023.”Read More: CBDT Introduces new Form No. 56F to be Furnished by Assessee from Accountant u/s 10AA(8); Amends Income Tax Rules
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