The Central Board of Direct Taxes (CBDT) has announced an extension for the deadline to file belated or revised income tax returns for the Assessment Year 2024-25.
The due date for filing belated returns under Section 139(4) or revised returns under Section 139(5) of the Income Tax Act has been extended for resident individuals from December 31, 2024, to January 15, 2025.
Section 139(5) allows taxpayers to file a revised return if they identify any errors or omissions in their original return, such as incorrect income reporting, missed deductions, or typographical mistakes.
As a result, the new deadline for submitting belated or revised income tax returns for the Financial Year 2023-24 (Assessment Year 2024-25) is now January 15, 2025.
