CBDT has extended the 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 AY 2024-25.
Reetu | Nov 30, 2024 |
CBDT extended Due Date to File ITR for filer of Transfer Pricing Report under Section 92E
The Central Board of Direct Taxes (CBDT) has extended the due date for furnishing a return of income in the case of an assessee who is required to furnish a report referred to in section 92E for the AY 2024-25. CBDT also issued the notification in this regard.
This ITR extension applies to taxpayers who are required to file a report under Section 92E of the Act, which covers transfer pricing evidence for foreign and specified domestic transactions. Taxpayers in this category have until December 15, 2024, to file their income tax returns, giving them more time to meet the reporting obligations.
The Notification Read as Follows:
The Central Board of Direct Taxes (CBDT), in the 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 (I) 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.
For Official Notification Download PDF Given Below:
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