Income Tax Filing Deadline for Transfer Pricing ITRs extended
In a recent announcement, the Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax returns for assessee required to furnish a report under section 92E of the Income-tax Act, 1961 [Transfer pricing cases].
Transfer pricing ITRs due date FY2023-24
The original deadline of 30th November 2024 has been shifted to 15th December 2024.
This extension, applicable for the assessment year 2024-25 (FY 2023-24), was communicated through CBDT Circular No. 18/2024. Assessee impacted by this change fall under clause (aa) of Explanation 2 to sub-Section (1) of Section 139 of the Act. I.e. those assessee who are required to file transfer pricing report u/s 92E. It also covers the partners of the firm required to file 92E report.
The Circular No 18/2024 can be accessed from Income tax portal:
Transfer pricing ITRs due date
