On October 26, 2024, the Central Board of Direct Taxes (CBDT) 📄 announced an extension for filing the Return of Income for Assessment Year (AY) 2024-25. This much-needed extension is designed to provide relief 🧘‍♂️ and ensure compliance with income tax regulations. 📅

Key Highlights of Circular No. 13/2024:

🚨 Extension of Due Date: The filing deadline for the Return of Income under Section 139(1) has been extended from October 31, 2024 to November 15, 2024. This applies specifically to assessees as mentioned in clause (a) of Explanation 2 to sub-section (1) of Section 139. ⏳

🛠️ Reason for Extension: Using its powers under Section 119 of the Income Tax Act, the CBDT extended the deadline to ease the filing process for taxpayers 📂📈. This change is particularly helpful for individuals and businesses 🏢👥 facing challenges during the tax filing period.

⬇️ See the official copy of the Circular below: