Income Tax Returns: ITR Filing Deadline For Companies Extended Till November 7

Income Tax Returns: ITR Filing Deadline For Companies Extended Till November 7

CBDT mentioned the ITR submitting due date is prolonged. (Representational)

New Delhi:

The Finance Ministry as we speak prolonged the deadline for submitting revenue tax returns for the evaluation yr 2022-23 by companies until November 7.

The final date for submitting revenue tax returns (ITR) by firms who’re required to get their accounts audited was October 31.

The Central Board of Direct Taxes (CBDT), the decision-making physique in issues of revenue and company tax, in a notification mentioned because it had final month prolonged the deadline for submitting audit experiences, therefore the ITR submitting due date too is prolonged.

“CBDT… extends the due date of furnishing of Return of Earnings beneath sub-section (1) of part 139 of the Act for the Evaluation 12 months 2022-23, which is October 31, 2022… to November 7, 2022,” the CBDT notification mentioned.

Home firms are required to file their revenue tax returns by October 31, 2022, for the Monetary 12 months 2021-2022. The due date to file ITR will probably be November 30, 2022, for firms that are topic to switch pricing norms.

AMRG & Associates Director (Company & Worldwide Tax) Om Rajpurohit mentioned the extension would offer much-needed aid through the competition season vis-a-vis to forestall any future anomalies with tax provisions (w.r.t. sustaining the statutory time hole of 30 days).

Final month, the CBDT prolonged the deadline for submitting audit experiences by 7 days until October 7.

“A comparable reprieve is eagerly anticipated for company entities, topic to the Switch Pricing Regulation as effectively,” Om Rajpurohit mentioned.

(Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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