CBDT extends due date for furnishing belated/revised return for AY 2024-25

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 >>

• Order u/s 69 of the CGST Act has to be communicated before arrest of person concerned– SC
• Refund can not be denied on the ground that it was claimed in a return filed u/s 148 – ITAT
• Distinction between religious & charitable purposes is determined by institution’s primary or dominant object
• Fit case to issue notice u/s 148 – Relevancy of material & application of mind to objections important
• AO is under an obligation to assign reasons for rejecting explanation of the assessee