CBDT Circular Date Extension
The information given was that the due date for the tax Audit reports was extended and the due date for the years 2022-2023 will be held between the 30th of September 2022 to the 7th of October 2022. But these are for certain categories of Assesses not for all of them. The changes were made by keeping in mind the difficulties that the commoners face during the tax payments, filing and the suit reports as that can be a bit tough As well. CBDT Central Board of Direct Taxes has now decided to extend the due date as the due date was earlier given as 30th of September 2022 the certain categories can file the audit on the dates mentioned earlier.
IT Dept Extends Deadline For Filling Of Tax Audit Report
The board has also clarified that under the act of CBDT, the information prevailed was only for a due extension for certain categories not for the delay or the reduction of the amount while the tax is being audited or filed. Section exceeds 1 lakh rupees in India for the sub-sections like I and Vi meanwhile sections like sections 207 and 140A shall be deemed to be advanced payment of the tax meanwhile the payment remains the same and the amount deduction as well. It has also prevailed that the extension under circular no 09 of 2021 and the no. 2021 17 will be the due date as well and the extension will not be given.
IT Dept Extends Deadline
The Income Tax department released the information online and it was given that the information will be acted upon as soon as the Tweet was released. Earlier to that the income filing and audit dates were not revealed by Tweet but in general, the information was given as the necessary changes are made the changes should be informed which is the reason why the Tweet was revealed. The thing went viral and many people talked about it as well. This extension helped many assess and many people as they got much more time in the payment and the audit filing for many business assets as well along with the share market.
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