Filing deadline amendment: replaces fixed sixty-day timeframe with 'such period', changing statement timing from April first, 2025. The amendment replaces the words "sixty days from the end of such financial year, a statement" in section 285 of the Income-tax Act with "such period, a ... Summary
Filing deadline amendment: replaces fixed sixty-day timeframe with 'such period', changing statement timing from April first, 2025.
The amendment replaces the words "sixty days from the end of such financial year, a statement" in section 285 of the Income-tax Act with "such period, a statement," effective from 1 April 2025, thereby removing the fixed sixty-day filing deadline and substituting a reference to a prescribed period for furnishing the statement.
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