The Central Board of Direct Taxes (CBDT) has announced an extension for corporate taxpayers to file their income tax returns for the Assessment Year 2024-25. The new deadline is now set for 15th November, moving it from the previous date of 31st October.
This extension provides corporations with additional time to ensure that their income tax returns are filed accurately and completely.
"The Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Income-tax. Act,1961 ('the Act'), extends the due date of furnishing of Return of Income under sub-section ( 1) of section 139 of the Act for the Assessment Year 2024-25 in the case of assesses referred to in clause (a) of Explanation 2 to sub-section ( 1) of section 139 of the Act, which is 31st October, 2024 to 15th November, 2024," the official notification said.
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