Ministry of Finance 

18.09.2023

Direct Taxation

Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24

MANU/DTCR/0016/2023

On consideration of difficulties reported by the taxpayers and other stakeholders, the Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Income-tax Act,1961 (Act), provides relaxation in respect of following compliances:

1. The due date of furnishing 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 30t' September, 2023, is hereby extended to 31" 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 (l) of section 139 of the Act, which is 31st October, 2023, is hereby extended to 30th November, 2023.

Tags : Extension Timelines Form

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