CBDT Extends Due Date for Filing Audit Reports for AY 2024-25 to October 07, 2024
By: Admin | September 30, 2024 | Categories: Income Tax | Notification And Circular | 4 Min Read
The Central Board of Direct Taxes (CBDT), through Circular No. 10/2024 dated September 29, 2024, has extended the deadline for filing various audit reports for the Assessment Year 2024-25. The original due date of September 30, 2024, has been extended to October 07, 2024 for taxpayers covered under clause (a) of Explanation 2 to Section 139(1) of the Income Tax Act, 1961.
Reason for Extension:
The extension comes in response to difficulties faced by taxpayers and stakeholders in electronically filing audit reports for the Previous Year 2023-24.
Key Details:
Original Due Date: September 30, 2024
Extended Due Date: October 07, 2024
Relevant Section: Clause (a) of Explanation 2 to Section 139(1) of the Income Tax Act
This extension is granted under the powers conferred by Section 119 of the Income Tax Act, 1961, providing taxpayers additional time to file the required audit reports.
Stay compliant by ensuring audit report filings are completed before the new due date.
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