The Central Board of Direct Taxes (CBDT) has announced an extension for furnishing belated or revised income tax returns for the Assessment Year (AY) 2024-25. In a recent notification, the CBDT exercised its powers under Section 119 of the Income-tax Act, 1961, to extend the deadline for resident individuals.
Originally set for December 31, 2024, the due date for submitting these returns has now been extended to January 15, 2025. This move is intended to provide taxpayers with additional time to file their belated returns under Section 139(4) or revised returns under Section 139(5) of the Act for the relevant assessment year.
Official copy of the circular has also been attached
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