New Delhi: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The last date for filing ITR by companies required to get their accounts audited was October 31. The Central Board of Direct
Taxes ( CBDT ), the apex decision-making body in matters of income corporate tax, in a notification said since it had last month extended the deadline for filing audit reports, hence the ITR filing due date too is extended.
” CBDT … extends the due date of furnishing of Return of Income under sub-section ( 1 ) of section 139 of the Act for the Assessment Year 2022-23, which is October 31, 2022 … to November 7, 2022, ” the CBDT notification said.
Domestic companies are required to file their income tax returns by October 31. 2022, for the Financial Year 2021-2022. The due date to file ITR will be November 30, 2022, for companies that are subject to transfer pricing norms.
AMRG Associates Director ( Corporate & International Tax ) Om Rajpuro hit said the extension would provide much-needed relief during the festival season vis-a-vis to prevent any future anomalies with tax provisions ( w.rt. maintain ing the statutory time gap of 30 days ).
Last month, the CBDT extended the deadline for filing audit reports by 7 days till October 7. ” A comparable reprieve is eagerly anticipated for corporate entities, subject to the Transfer Pricing Regulation as well, ” Rajpurohit said.