31/12/2024
✅CBDT has extended due date for filing belated/revised ITR for A.Y. 2024-25 from 31.12.2024 to 15.01.2025 ("15 days" extension). However, the due date has been extended only for "RESIDENT INDIVIDUALS" and not for other assessees.
✅Under the Income Tax Act, only "RESIDENT INDIVIDUALS" are allowed to claim rebate u/s. 87A. This signifies that the due date has been extended by CBDT in compliance of the direction of the Hon'ble Bombay High Court in the case of The Chambers of Tax Consultants vs. DGIT [PIL (L) No. 32465 of 2024] to extend the due date by at least "15 days" for those assessee who were not able to claim rebate u/s. 87A on special incomes under new tax regime due to changes in utility software.
✅Though the due date has been extended, the utility software is still not modified to allow the eligible assessees to claim rebate u/s. 87A. Let's hope the necessary modifications are made in the utility software at the earliest. It seems that the CBDT is also waiting for the final disposal of the PIL posted for hearing on 09.01.2025 😅 .
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