CBDT extends the Due Date for filing ITRs for Businesses

The CBDT has issued Circular No. 20/2022 dated October 26, 2022 extending the due date for filing of the income tax return for Assessment Year 2022-23 from October 31, 2022 to November 07, 2022 for businesses.

In consequence to extension of due date for various reports of audit in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act to October 07, 2022 by Circular No.19/2022 dated September 30, 2022, Central Board of Direct Taxes (CBDT), in 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 sub-section (1) of section 139 of the Act for the Assessment Year 2022-23, which is October 31, 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to November 07, 2022.

The Circular can be accessed at: https://incometaxindia.gov.in/communications/circular/circular-20-2022.pdf