CBDT extends ITR due date for Section 92E assessees to 15 December 2024
On 30 November 2024, CBDT extended the due date for filing income tax returns for AY 2024-25 by assessees required to furnish a Section 92E report from 30 November to 15 December 2024.
Summary
On 30 November 2024, the Central Board of Direct Taxes (CBDT) extended the due date for filing the return of income under Section 139(1) of the Income-tax Act, 1961, for Assessment Year 2024-25, in the case of assessees required to furnish a report under Section 92E. These assessees are covered by clause (aa) of Explanation 2 to Section 139(1). The due date, originally 30 November 2024, has been extended to 15 December 2024 by CBDT Circular No. 18/2024 dated 30 November 2024.
Key facts
- Assessees
- Required to furnish report u/s 92E; clause (aa), Expl. 2, Sec 139(1)
- AY
- 2024-25
- Due date
- 30 Nov 2024 → 15 Dec 2024
- Instrument
- CBDT Circular No. 18/2024, 30 Nov 2024
Practice MCQs 2 questions
By CBDT Circular No. 18/2024 of 30 November 2024, the due date for filing ITRs for AY 2024-25 by assessees required to furnish a Section 92E report was extended to which date?
Show answer
Correct answer: D — 15 December 2024
PIB (Finance): the due date, originally 30 November 2024, was extended to 15 December 2024 by CBDT Circular No. 18/2024 dated 30.11.2024.
The ITR due-date extension announced by CBDT on 30 November 2024 applies to assessees required to furnish a report referred to in which section of the Income-tax Act, 1961?
Show answer
Correct answer: B — Section 92E
PIB (Finance): the extension applies to assessees required to furnish a report referred to in section 92E.