The Central Board of Direct Taxes on 30th September 2022, decided to extend the due date for filing of various reports of audit for the Assessment Year 2022-23, which was 30th September, 2022 to 07th October, 2022 in the case of certain category of assessees for whom the due date was 30.09.2022.
On consideration of difficulties faced by the taxpayers and other stakeholders in filing of various reports of audit for the Assessment Year 2022-23 under the Income-tax Act,1961(Act), Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing of various reports of audit for the Assessment Year 2022-23, which was 30th September, 2022 to 07th October, 2022.
The Board has clarified that this extension shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income is reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds Rs.1 Lakh. In the case of an individual resident in India, the tax paid by him under section 140A of the Act within the due date provided in that Act, shall be deemed to be the advance tax.
