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The Central Board of Direct Taxes extends the due date to file the report of the accountant for Assessment Year 2023-24. Taxpayers and other stakeholders face difficulties in timely filing because the authority notifies Form 56F on 19.10.2023. The authority grants this extension to avoid genuine hardship under section 119(2)(b) of the Income Tax Act, 1961. The new due date is 31st of December, 2023. The affected parties file the report required under clause (8) of section 10AA read with clause (5) of section 10A of the Act.
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Circular No. 1 g of 2023 F.No. 370142140/2023-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated the 20lh October, 2023
Order under section 119 ofthe Income-tax Act
On consideration of difficulties arising to the taxpayers and other stakeholders in timely filing of report of accountant required to be filed under clause (8) of section I OAA read with clause (5) of section lOA of the Income -tax Act, 1961 on account of notification of relevant Form 56F on 19.10.2023 and with a view to avoid genuine hardship to such cases, the Central Board of Direct Taxes, in exercise of its powers under] 19(2)(b) of the Income Tax Act, 1961 , hereby extends the due date of filing of report of the accountant as required to be filed under clause (8) of section I OAA read with clause (5) of section lOA of the Act, for Assessment Year 2023- 24 from the specified date under section 44AB to 3]St of December, 2023.
(Am~ Under Secretary to the Govt. ofIndia
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