Companies now have until November 15, 2024, to file their returns, pushing back the previous deadline of October 31, 2024.

According to the Ministry of Finance, the new deadline applies to taxpayers covered under sub-Section (1) of Section 139 of the Income-tax Act, 1961.

The official notification was issued under Section 119 of the same Act, which specifically amends the deadline for assessees mentioned in clause (a) of Explanation 2 to sub-section (1) of Section 139.

The extension aims to give corporations additional time to complete their filings accurately and comprehensively.