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The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended
In a significant development for taxpayers, the Central Board of Direct Taxes (CBDT) has announced an extension for the due date of filing Income Tax Returns for the Assessment Year 2024-25.
In a notification issued under section 119 of the Income-tax Act, 1961, the deadline for assessees referenced in clause (a) of Explanation 2 to sub-section (1) of section 139 has been moved from October 31, 2024, to November 15, 2024.
CBDT Extends Due Date for furnishing Return of Income for Assessment Year 2024-25.✅The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended from October 31, 2024, to November 15, 2024.
✅Circular No. 13/2024 dated… pic.twitter.com/rstiKeYCEA
— Income Tax India (@IncomeTaxIndia) October 26, 2024
The CBDT’s move aligns with its ongoing efforts to enhance taxpayer compliance while ensuring that individuals have adequate time to meet their obligations.