ITR filing deadline for corporations extended to November 7 - Exclusive News

on Wednesday, Central Board of Direct Taxes (CBDT) The due date or last date for submission of ITR for corporations and special taxpayers for assessment 12 months 2022-2023 has been extended to 7 November 2022. Before this increase was announced, the last date for filing ITR was 31st October. ITR The last date for filing has been extended to November 7 CBDT took to Twitter to announce the extension of the last date for ITR submission. “The CBDT… extends the due date of return of income under sub-section (1) of section 139 of the Act from 31st October, 2022… to 7th November, 2022 for the assessment 12 months 2022-23.Learn CBDT Notification. Consequent to the extension of due dates for submission of various audit studies, the CBDT extended the due date for submission of income tax returns for certain categories of assessees for the assessment 12 months 2022-23 to November 7, 2022. is Round No. 20/2022 dated 26.10.2022 issued.https://t.co/x9yhpL0d1T pic.twitter.com/T4LbT9Qy4K — Income Tax India (@IncomeTaxIndia) 26 October 2022 The rationale for this 7-day extension was given by the CBDT in relation to income tax. It states that the extension has been granted “As a result of the case of those entities, more time was given till October 7 to submit various audit studies., “Consequent to the seven-day extension given for submission of tax audit assessments due on September 30, 2022, the CBDT has now provided a similar extension for submission of returns for such tax audit assessments. The due date which was 31 October 2022 has now been extended to 7 November 2022. Unlike the same extension supplied earlier, the provisions of Section 234A, interest on account of late submission, are not attracted in this case. This could be a welcome transfer by CBDT”, said Anita Basrur, Associate, Direct Tax from Sudit OK. Parekh & Company LLP. Also learn: SBI Annual Deposit Scheme: Invest once and get monthly pension This Post is publish on UNIQUE NEWS
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