Subject: Extension of Deadline for Submission of Form No. 56F Under the Income-tax Act, 1961
In light of the challenges reported by taxpayers and stakeholders in the timely submission of the accountant’s report required under sub-section (8) of section 10AA, in conjunction with sub-section (5) of section 10A of the Income-tax Act, 1961 (‘the Act’), and to alleviate genuine hardship faced by these individuals, the Central Board of Direct Taxes, exercising its authority under section 119(2)(b) of the Income Tax Act, 1961, is announcing an extension of the deadline for the submission of the accountant’s report. The new due date for filing, as mandated under sub-section (8) of section 10AA and sub-section (5) of section 10A of the Act for the Assessment Year 2024-25, is extended from the original deadline stipulated under section 44AB to 31st March 2025.
