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Due date for Income Tax Return for audit cases extended to 15th November 2024 for March 2024

The date for filing of Income Tax Return for assesses whose original due date was 31st October 2024 has been extended to 15th November 2024

The deadline to submit audit reports for income tax under the Income Tax Act of 1961 was September 30, 2024. Following this, the deadline to file income tax returns for the above mentioned assesses under the Income Tax Act was October 31, 2024. Submitting income tax returns is crucial for businesses and individuals as it helps in tax planning, financial accountability, and overall economic development.

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Central Board of Direct Taxes(CBDT) vide its Circular No. 13/2024 dated 26th October 2024 has extended the time limit for filing of Income Tax Return for FY 2023-24 in case of audit assesses. The date has been extended from 31st October 2024 to 15th November 2024 for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 of the Income Tax Act, 1961.

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