CBDT extends due date for filing returns for AY 2024-25 from 31.10.2024 to 15.11.2024

CBDT extends due date for filing returns for AY 2024-25 from 31.10.2024 to 15.11.2024

F. No. 225/205/2024/ITA-II
Government of India
Ministry ·of Finance
Department of Revenue
Central Board of Direct Taxes
*****

Circular No.13 /2024

New Delhi, dated 26th October, 2024

Subject: – Extension of due date for furnishing return of income for the Assessment Year 2024-25- reg.

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 139 of the Act, which is 31st October, 2024 to 15th November, 2024.

(Dr. Castro Jayaprakash T)
Under Secretary to the Government of India

Copy to:

1. PS to F.M./ PS to MoS (F}
2. PS to Revenue Secretary
3. Chairman (CBDT)& AU Members of CBDT
4. All Pr. CCsIT/CCsIT/Pr. DGslT/DGsIT
5. All Joint Secretaries/CsIT, CBDT
6. Directors/Deputy Secretaries/Under Secretaries of CBDT
7. Web Manager, with a request to place the order on official Income-tax. website
8. CIT (M&TP), Official Spokesperson of CBDT with a request to publicize widely
9. JCIT, Data Base Cell for placing it on irsofticersonline.gov.in
10. The Institute of Chartered Accountants of India, IP Estate, New Delhi
11. All Chambers of Commerce
12. The Guard file

Download CBDT Circular 13/2024 Click Here >>

• Audit Fee to be received only by digital modes/banking channels -ICAI revises Ethics
• Demand set aside as assessee for period covered had discharged tax liability under SVLDRS
• No addition u/s 68 when there is no fresh receipt of unsecured loans during the year
• Taxes on sales comprising in turnover to be excluded for estimating net profit
• Capital contribution deposited in assessee’s bank not partnership firm – Addition 69A upheld