Due Date For Filing Form 10B/10BB, ITR-7 For Assessment Year 2023-24 Extended; Check Details Here

The Central Board of Indirect Taxes (CBDT) has extended the deadline for filing Form 10B and Form 10BB for FY22-23 till October 31, 2023. Earlier, the last date to file these forms was set as September 30.

Besides, the taxation department has also extended the due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24. Now, the new deadline for ITR-7 submission is November 30, 2023.

In a circular dated September 18, 2023, the taxation department said, "The due date of furnishing audit reports in Form 10B/Form 10BB for the financial year 2022-23, which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023."

"The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is also extended to 30.11.2023," it added.

Notably, Form 10B is applicable to charitable organisations and religious trusts, while Form 10BB is required to be filled by educational and medical institutions.

According to the Income Tax Department, the ITR-7 Form, "Form ITR - 7 can be used by persons including companies who are required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) (i.e., trusts, political parties, institutions, colleges, etc)."

The last date to file the income tax return for the financial year 2022-23 was July 31, 2023.