The Central Board of Direct Taxes (CBDT) has extended the deadline for submitting the recently introduced Form 56F, which pertains to the accountant’s report for the assessment year 2023-24, until December 31, 2023.
In order to prevent genuine hardship, the Board has taken into account the challenges faced by taxpayers and other stakeholders in meeting the deadline for filing the accountant’s report, as mandated by section 10AA(8) in conjunction with section 10A(5) of the Income-tax Act, 1961. This consideration stems from the notification of the relevant Form 56F on October 19, 2023.
By utilizing its authority under section 119(2)(b) of the Income Tax Act, 1961, the Board has extended the deadline for submitting the accountant’s report, as mandated by clause (8) of section 10AA in conjunction with clause (5) of section 10A, for the Assessment Year 2023-24. The new due date has been revised from the previously specified date under section 44AB to December 31, 2023.
