CBDT Extends ITR With Audit Reports Filing Deadline To 7 Nov For AY22-23

The previous due date of filing ITR for above mentioned assessees was 31 October 2022. In the last month CBDT had extended the deadline for filing audit reports. Therefore, it has now extended the due date for filing income tax returns. It is to be noted that the due date for filing of transfer pricing audit certificates still remains unchanged that is on October 31 and no extension has been made to it

The Central Board of Direct Taxes (CBDT) through a notification extended the deadline for filing income tax returns (ITRs) by corporate and individuals whose accounts need to be audited, to 7 November 2022.

The previous due date of filing ITR for above mentioned assessees was 31 October 2022. In the last month CBDT had extended the deadline for filing audit reports. Therefore, it has now extended the due date for filing income tax returns.

Vide notification dated 26 October 2022, the apex body said, “In consequence of the extension of due date for various reports of audit in the case of assessees referred in clause (a) of Explanation 2 to subsection (I) of section 139 of the Act to 7th October 2022 by Circular No. 19/2022 dated 30.09.2022, Central Board of Direct Taxes (CBDT), in the exercise of its powers under Section 119 of the Income-tax Act,1961 (Act), extends the due date of furnishing of Return of Income under subsection (1) of section 139 of the Act for the Assessment Year 2022-23, which is 31st October 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act, to 07th November 2022.”

It is to be noted that the due date for filing of transfer pricing audit certificates still remains unchanged that is on October 31 and no extension has been made to it.