New Delhi, Oct 29
The Central Board of Direct Taxes (CBDT) has decided to extend the due date for furnishing of Return of Income for assessees covered under sub-Section (1) of Section 139 of the Income Tax Act, 1961 for the Assessment Year 2025-26 from October 31, to December 10, according to an official statement issued on Wednesday.
A formal notification to this effect is being issued separately, the statement added.
Other entities, including an Association of Persons (AOP), Body of Individuals (BOI), or Artificial Juridical Person, must file if their total income exceeds the basic exemption limit.
Gross business turnover exceeding Rs 60 lakh, or those with professional receipts exceeding Rs 10 lakh are also required to file an ITR.