The Central Board of Direct Taxes (CBDT) has extended the deadline for corporate income tax returns for the Assessment Year 2024-25 to November 15, 2024 . This is a 15-day extension from the original deadline of October 31, 2024. The CBDT made this announcement through a circular on October 26, 2024, exercising its powers under section 119 of the Income-tax Act, 1961 .
Key Points to Note:
– New Deadline: November 15, 2024
– Original Deadline: October 31, 2024
– Extension: 15 days
– Applicable: Corporate income tax returns for Assessment Year 2024-25
This extension provides relief to corporates that were struggling to meet the original deadline. If you’re affected by this extension, make sure to file your returns by November 15, 2024, to avoid any penalties or interest .
