CBDT Extends due date for filing Income Tax Audit Report in Form 10B/10BB for Trusts

The Central Board of Direct Taxes (CBDT) has extended the due date for filing of Income Tax Form 10B/10BB for FY 2022-23. The Due Date has been extended to 31.10.2023.

Consequentially the Due date for furnishing of Income Tax Return (ITR) in Form ITR-7 for the AY 2023-24 (FY 2022-23) also stands to be extended to 30.11.2023.

The Circular reads as follows:

1. The due date of furnishing the Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of sub-section (1) of section 12A of the Income-tax Act, 1961, in the case of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution in Form 10B/Form 10BB for the Previous Year 2022-23, which is 30th September 2023, is hereby extended to 31st October 2023.

2. The due date of furnishing of Return of Income in Form ITR-7 for the Assessment Year 2023- 24 in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, which js 30th October, 2023, is hereby extended to 30th November 2023.