CBDT extends deadline for ITR-7, 10B,10BB

The form ITR 7 is filled by Charitable and Religious Trusts, Political Parties, Scientific research institutions, University, college or other institutions.

Agencies
Central Board of Direct Taxes
The Central Board of Indirect Taxes (CBDT) on September 18 announced an extension in the deadline for filing an audit report for trusts, educational institutions and hospitals for the financial year 2022-23 to October 30 from earlier September 30.

It also extended due date of furnishing of Return of Income in Form ITR-7 for the Assessment Year 2023- 24 to November 30, 2023 from earlier October 30.

The form ITR 7 is filled by Charitable and Religious Trusts, Political Parties, Scientific research institutions, University, college or other institutions.


"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 to 31.10.2023," CBDT said in its circular.

Form 10B pertains to charitable institutions and religious trusts operating under Section 12AB of the Income Tax Act, whereas, Form 10BB is required to be filled by educational institutions and medical institutions operating under Section 10(23C) of the law.

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