The Deadline for Submitting Forms

10B/10BB and ITR-7

for the Assessment Year 2023-24 has been Extended. 

The CBDT issued Circular No. 16/2023 on September 18, 2023, extending the deadlines for filing Forms 10B/10BB and ITR-7 for the Assessment Year 2023-24.

In light of the problems observed by taxpayers and other stakeholders, the Central Board of Direct Taxes (CBDT), in exercising its powers under Section 119 of the Income-tax Act of 1961 (Act), relaxes the following compliances:

1. The due date for furnishing an 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 in the case of a fund, 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 September 30, 2023, is hereby extended to October 31, 2023.
2. The due date for providing the Return of Income in Form ITR-7 for the Assessment Year 2023-24, which is October 31, 2023, in the case of assessees referred to in section 139(1) Explanation 2 clause (a) of the Act, is therefore extended to November 30, 2023.

Below is official Circular: