The CBDT has notified that the due date for filing Income Tax Return (ITR) u/s 139(1) for Assessment Year (AY) 2022-23 has been extended from 31/10/2022 to 07/11/2022 for corporate assessees or where tax audit is applicable.
Earlier CBDT had extended the due date for filing of Audit Reports in respect of AY 2022-23, from 30/09/2022 to 07/10/2022, vide Circular 19/2022.
Companies or Non-corporate Business Enterprises required to have their account books audited under the Companies Act 2013 (Statutory Audit) or Income Tax Act, 1961 (Tax Audit) have been granted 7 additional days to file their Income Tax Return, corresponding to the 7-day extension previously granted for the filing of audit reports.
CBDT Income Tax Circular 20/2022 dt. 26/10/2022: Notification on Extension of due date for furnishing return of income (ITR) for the Assessment Year (AY) 2022-23 from October 31, 2022 to November 30, 2022
In consequence to extension of due date for various reports of audit in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act to 07/10/2022 by Circular No. 19/2022 dated 30/09/2022, Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Income-tax Act,1961 (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 2022-23, which is 31/10/2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act, to 07/11/2022.
CBDT Press Release dt. 26/10/2022: Notification for Extension of due date for furnishing return of income (ITR) for the Assessment Year (AY) 2022-23
The Central Board of Direct Taxes (CBDT) has extended the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Income-tax Act, 1961 (the Act) for the Assessment Year 2022-23, for the category of assessees for whom the due date is 31/10/2022 to 07/11/2022.
CBDT Circular No. 20/2022 in F.No.225/ 49/ 2021/ ITA-II dated 26/10/2022 issued. The said Circular is available on http://www.incometaxindia.gov.in.
THANK YOU VERY MUCH CBDT. PENALTY WILL NOT COME?
Despite continuous requests by different Associations/ Organisations, CBDT didn’t extend the due dates for general assessee even for few days, however in audit cases the timeline has been extended. Speechless..
What is the tax audit due date in case of TP ?
Positive response from Govt. of India. Thanks for understanding the practical problems.
Hope MCA too extends time to file Annual Returns.
Thanks to the Income Tax Department.
THANX CBDT FOR RELIEF. VERY CONJUSTED SCHDULE DUE TO FESTIVAL VACATIONS.
Great sigh of relief. Thanks CBDT for understanding the practical issues.