Extension of timelines for filing of form 10B/10BB and form ITR-7

Central Board of Direct Taxes (CBDT), by exercising its powers under Section 119 of the Income-tax Act, 1961 (Act), provides relaxation in respect of following compliances:

Due date for furnishing audit reports in Form 10B/Form 10BB under section 10/ section 12A of the Act, for the previous year 2022-23 relevant to Assessment Year 23-24 originally it was for 30^th September 2023.

To remove the difficulties faced by taxpayer (i.e. funds, trusts, institutions, universities, educational institutions, hospitals, and medical institutions) the new deadline for filing audit reports in Form 10B/Form 10BB has been extend to 31^st October 2023 from 30^th September 2023.

Accordingly, deadline for filing the Return of income in form ITR-7 for previous year 2022-23 relevant to Assessment Year 2023-24 has been extend to 30^th November 2023 from 31^st October 2023.

Last updated: 04/10/2023

Article contributed by:

Direct Tax Team

MBG Corporate Services