Extension of due date for furnishing belated/revised return of income for the Assessment Year 2024-25
CBDT extends due date for furnishing belated/revised return of income for the Assessment Year 2024-25 up to 15.01.2025
F. No. 225/205/2024/ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Circular No. 21/2024
New Delhi, dated 31st December, 2024
Subject: – Extension of due date for furnishing belated/revised return of income for the Assessment Year 2024-25 in certain cases- reg.
The Central Board of Direct Taxes (‘the CBDT’), in exercise of its powers under section 119 of the Income-tax Act,1961 (‘the Act’), extends the last date for furnishing belated return of income under sub-section (4) of section 139 of the Act or for furnishing revised return of income under sub-section (5) of section 139 of the Act for the Assessment Year 2024-25 in the case of resident individuals from 31st December, 2024 to15th January, 2025.
(Dr. Castro Jayaprakash. T)
Under Secretary to the Government of India
Download CBDT Circular No. 21 of 2024 Click Here >>
- ITAT allows exemption of Rs. 25 lakhs u/s 10(10A) to non-government employees
- PCIT has revisionary jurisdiction u/s 263 over the cases passed by the NFAC or the JAO
- Appellate court interfering with MACT finding must undertake reappreciation of evidence
- When delay is not huge & involves huge monetary liability, lenient approach to be taken
- EoGM of company can not ratify diversion of fund raised by preferential issue – SC
