Due date for filing audit report Form 10B/10BB for AY 2024-25 extended to 10.11.2024
CBDT by order u/s 119 has extended the due date for for filing audit report in Form No. 10B/10BB for AY 2024-25 to 10.11.2024
Sub: Order under section 119 of the Income-tax Act, 1961-reg.
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 report on or before 31st October, 2023 in Form No. 10B where Form No. 108B 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 (1) 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.
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 31 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 119 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,
4. This issues with the approval of competent authority.
The prima facie satisfaction u/s 148 cannot be stretched to a non-existing information or incorrect information - ITAT In a…
Mutual Funds to value physical Gold and Silver by using the polled spot prices published by the recognized stock exchanges…
Supreme Court allows simultaneous CIRP proceedings against principal debtor and its corporate guarantor, declines to frame any guidelines In a…
Merely because assessee had declared sales for only one month, the same cannot be treated as bogus on the basis…
ITAT deleted addition as the method of accounting had been accepted by the department in earlier years and the entire…
Orders passed under Benami Act cannot be challenged under Insolvency and Bankruptcy Code, 2016 - SC In a recent judgment,…