The due date of furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23, which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023. The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is also extended to 30.11.2023.
CBDT Circular No. 16/2023 in 225/177/2023/ITA-II dated 18.09.2023 issued. The said Circular is available on www.incometaxindia.gov.in.
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NB/VM/KMN (Release ID: 1958632)
F.No. 225/177/2023/ITA-II
Government of India Ministry of Finance
Department of Revenue Central Board of Direct Taxes New Delhi
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Circular No. 16/2023, dated 18th September 2023
Subject: – Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24— reg.
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 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 202324 in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, which is 31st October, 2023, is hereby extended to 30th November, 2023.
Sd/-
(Ravinder Maini)
Director to the Government of India
