CBDT Extends Due Date for Audited IT Returns for AY 2024-25 to 15th Nov 2024

The Central Board of Direct Taxes (CBDT) has extended the due date for filing audited Income Tax Returns for the Assessment Year 2024-25 to November 15, 2024. This extension, announced on October 26, 2024, provides taxpayers with additional time to comply with their filing obligations. The extension applies to assessees required to file returns under section 139 (1) of the Income Tax Act. The decision aims to alleviate the pressure on taxpayers and ensure accurate and timely submissions. The CBDT’s move reflects its commitment to accommodating taxpayers’ needs and facilitating compliance with income tax regulations.