CBDT Extends ITR Deadline to December 15 for Taxpayers with International Transactions

New Delhi: The Central Board of Direct Taxes (CBDT) on Saturday extended the due date for filing the return of income tax for tax payers with international transactions who are required to submit informations under section 92E. The CBDT has given the relaxation for the Assessment Year 2024-25, as per an official statement.

As per the statement the new deadline for the filing the return has been extended by 15 days, from November 30 to December 15 in the current year. The due dat for furnishing the return of Income u/s 139 (1) of the Income-tax Act. 1961 (the Act) in the case of an assessee who is required to furnish a report reffered to in section 92E, is the 3th day of November of the assessment year i.e 30.11.2024 for the AY 2024-25," the the official document added.

CBDT, on November 24, advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax Returns (ITRs). Income Tax department in its special edition of 'Samvad' raised awareness on proper disclosure of foreign assets and income by taxpayers. The session aimed to raise awareness among taxpayers about the need to accurately report their foreign income and assets in their Income Tax Returns (ITR). (ANI)

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