Subject: – Extension of due date for furnishing return of income in the case of an assessee who is required to furnish a report referred to in section 92E for the A Y 2024-25
The Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Income-tax Act, 1961 (‘the Act’), extends the due date of furnishing of Return of Income under sub-section (1) of section 139 of the Act for the Assessment Year 2024-25 in the case of assessees referred to in clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act, which is 30th November, 2024 to 15th December, 2024.
The due date has been extended for entities who were liable to file transfer pricing reports and whose due date for filing return of income was 30.11.2024. Further, individuals who are partners in entities liable for transfer pricing can also file their return of income till 15.12.2024.
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