The CBDT issued Circular No. 02/2025 on February 18, 2025, extending the due date for filing Form No. 56F under the Income-tax Act, 1961. This extension is due to difficulties faced by taxpayers and stakeholders in timely filing the accountant’s report required under sub-section (8) of section 10AA and sub-section (5) of section 10A. To avoid hardship, the due date for filing this report for Assessment Year 2024-25 has been extended from the original date under section 44AB to March 31, 2025.
On consideration of difficulties reported by the taxpayers and other stakeholders in timely filing of report of accountant required to be filed under sub-section (8) of section 10AA read with sub-section (5) of section 10A of the Income-tax Act, 1961 (‘the Act’) and with a view to avoid genuine hardship to such cases, the Central Board of Direct taxes, in exercise of its powers under section 119(2)(b) of the Income Tax Act, 1961, hereby extends the due date of filing of report of the accountant as required to be filed under sub-section (8) of section 10AA read with sub-section (5) of section 10A of the Act, for Assessment year 2024-25 from the specified date under section 44AB of the Act to 31.03.2025.
The Circular can be accessed at: https://incometaxindia.gov.in/news/circular-no-2-2025.pdf
