The Income Tax Department has given double relief to the taxpayers who file Tax Audit Report. Actually, the Income Tax Department has once again extended the last date for filing Tax Audit Report.
The Central Board of Direct Taxes (CBDT), working under the Finance Ministry, announced this on October 7. This decision of CBDT will provide relief to those special category of taxpayers who have not yet filed their Tax Audit Report.
What is the new date?
The last date for filing the report for taxpayers filing audit reports was 30 September 2024. But the Central Board of Direct Taxes had extended it to 7 October 2024, so that taxpayers who have not submitted their audit reports can easily submit them. However, despite this, many taxpayers have not been able to file the audit report yet. After this, CBDT has taken a decision in the interest of taxpayers and has decided to extend the last date for tax audit report to 10 November 2024.
These taxpayers will not get the benefit
Let us tell you that the benefit of this extended date will be available only to trusts, institutions, funds and taxpayers filing audit reports through Income Tax Form 10B/10BB. At the same time, taxpayers with business or professional income who are subject to tax audit under section 44AB will have to submit their audit reports using Form 3CD, 3CA and 3CB. The extended deadline for these taxpayers was 7 October 2024.
What is the method to file 10B form?
Step-1: Taxpayer can assign Form 10B (AY 2023-24 onwards) to CA through e-file form mode.
Step-2: CA can check the assignment in “For Your Action Tab” under Work List.
Step-3: CA can accept or reject the assignment.
Step-4: If the CA accepts the assignment, he has to upload the JSON with PDF attachment under offline mode of filing.
Step-5: Once the CA submits the JSON with valid attachments, the taxpayer has to accept/reject the form uploaded by the CA through the “For Your Work” tab of the worklist.
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