CBDT Extends due date for belated and revised ITR for AY 2024-25
The Central Board of Direct Taxes (CBDT) has extended the deadline for furnishing belated and revised income tax returns for the Assessment Year (AY) 2024-25. The announcement was made via Circular No. 21/2024, dated 31st December 2024.
Important Update:
- The last date for resident individuals to file belated returns under Section 139(4) or revised returns 139(5) of the Income-tax Act, 1961, has been extended from 31st December 2024 to 15th January 2025.
This extension provides taxpayers additional time to ensure compliance and file their returns accurately. Taxpayers are advised to utilize this extended period to review and finalize their returns to avoid penalties.
The Income Tax Department has surprised taxpayers this year by extending key deadlines without any formal requests from stakeholders. Below is the table of due date and extended due date for the AY 2024-25
| Subject | Original due date | Extended due date | Reference |
|---|---|---|---|
| Extension of timelines for filing audit reports for AY 2024-25 (e.g. 3CA/CB 3CD Tax audit) |
30th September 2024 | 7th October 2024 | Circular No. 10/2024 dated 29/09/2024 |
| Extension of due date for furnishing return of income for AY 2024-25 (Audit case ITRs) |
31st October 2024 | 15th November 2024 | Circular No.13 /2024 dated 26/10/2024 |
| Extension of due date for furnishing return of income for assessees required to file under Section 92E (Transfer pricing ITR) |
30th November 2024 | 15th December 2024 | Circular No. 18/2024 dated 30/11/2024 |
