The Central Board of Direct Taxes (CBDT) issued Circular No. 16/2023 dated 18.09.2023 regarding the extension of the due date for filing of tax audit in Form No. 10B and Form No. 10BB and income tax return in Form No. ITR-7 for the Assessment Year 2023-24 for Charitable Trusts and NGOs from 30.09.2023 to 31.10.2023 and 31.10.2023 to 30.11.2023 respectively.
The prescribed due date for filing of audit report in Form 10B and Form 10BB for AY 2023-24 is 30.09.2023 which is now extended by 1 month to 31.10.2023. Similarly, the prescribed due date for filing of income ta return in Form No. ITr-7 is 31.10.2023. Even though the e-filing of ITR-7 was enabled on the e-filing portal, the e-filing of Form 10B for A.Y. 2023-24 was enabled through offline mode only on 28th August 2023 and the e-filing of Form 10BB for AY 2023-24 has been enabled through Online mode on e-filing portal only on 31st August 2023.
It is pertinent to note that CBDT vide Notification No. 7/2023 dated 21.02.2023, re-notified Forms No. 10B and 10BB from A.Y. 23-24 onwards and introduced drastic and substantial changes in reporting requirements. Various representations have been made before CBDT to extend the due date for the filing of Form 10B and Form 10BB for AY 2023-24.
The due date for furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23 (AY 2023-24), which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023.
Further, the due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is also extended to 30.11.2023.
Extension of Due dates by Circular No. 16/2023
Read the full text of CBDT Circular No. 16/2023 dated 18.09.2023 on Extension of due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
Circular No. 16/2023
F. No. 225/177/2023/ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
*****
New Delhi, dated 18th September 2023
Subject: - Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24- reg.
On consideration of difficulties reported by the taxpayers and other stakeholders, the Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Income-tax Act, 1961 (Act), provides relaxation in respect of following compliances:
1. The due date of furnishing Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of sub-section (1) of section 12A of the Income-tax Act, 1961, in the case of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution in Form 10B/Form 10BB for the Previous Year 2022-23, which is 30th September, 2023, is hereby extended to 31st October, 2023.
2. The due date of furnishing of Return of Income in Form ITR-7 for the Assessment Year 2023- 24 in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, which is 31st October, 2023, is hereby extended to 30th November, 2023.
Sd/-
(Ravinder Maini)
Director to the Government of India
Download CBDT Circular No. 16/2023 dated 18.09.2023 on Extension of due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24 in PDF format
CBDT issues Press Release dated 18.09.2023 on Extension of due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 18th September 2023
PRESS RELEASE
CBDT extends due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
The due date of furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23, which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023.
The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is also extended to 30.11.2023.
CBDT Circular No. 16/2023 in 225/177/2023/ITA-II dated 18.09.2023 issued. The said Circular is available on www.incometaxindia.gov.in.
Surabhi Ahluwalia)
Pr. Commissioner of Income Tax
(Media & Technical Policy) &
Official spokesperson, CBDT
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