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Company ITR deadline extended to November 7.

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  • Business income tax returns for 2022-23 were extended to November 7 by the Finance Ministry on Wednesday. Audited companies have till October 31 to file ITR.
  • The Central Board of Direct Taxes (CBDT), the top income and corporation tax decision-maker, extended the ITR filing deadline in a notification because it had extended the audit report deadline last month.
  • Domestic enterprises must file their 2021-2022 income tax filings by October 31, 2022. Transfer pricing companies must file ITR by November 30, 2022.
  • AMRG & Associates Director (Corporate & International Tax) Om Rajpurohit said the extension would provide much-needed assistance throughout the festival season and prevent tax anomalies (w.r.t. maintaining the statutory time gap of 30 days).

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