Income Tax Return for Corporates: The government has extended the deadline for filing income tax returns by corporates for the assessment year 2024-25 by 15 days to November 15. The CBD issued a circular informing about this. Read on to know whether the extended period will apply to tax audit reports or not.
The Income Tax Department has extended the deadline for filing income tax returns by corporates for the assessment year 2024-25 by 15 days to November 15. This information came to light on Saturday. The Central Board of Direct Taxes (CBDT) said in a circular that the previous deadline of October 31 will be extended.
The new deadline for assessment year 2024-25 (filing of tax returns for financial year 2023-24) is now November 15. According to Sandeep Jhunjhunwala, Nangia Andersen LLP Tax Partner, this extended period for filing tax returns will not apply to tax audit reports.
Earlier in September, the CBDT had extended the last date for filing tax audit reports by seven days to October 7.
