Friday, November 29News That Matters

Further Extension – Income Tax Return Filing Deadline for FY 2020-21 (AY 2021-22)

CBDT has further extended the due dates for filing the Income Tax Returns and various reports of audit for the Assessment Year 2021-22. This is primarily due to the challenges reported by taxpayers and other stakeholders. 

In May, the Finance Ministry had extended the compliance deadlines stating that the extension of time limits for certain tax compliances is being given to provide relief to taxpayers in view of the severe pandemic. Now, these deadlines have been extended further.

For individual tax payers (whose accounts are not to be audited), the due date has been extended to 31st Dec 2021.

Earlier extended deadline Revised extended deadline
Due date for ITRs for individuals whose accounts are not to be audited 30th Sep 31st Dec
Due date for ITRs for Companies 30th Nov 15th Feb 2022
Due date of furnishing of report of audit 30th Nov 15 Jan 2022
Due date of furnishing a report from an accountant by persons entering into international transactions or specified domestic transactions under section 92E 30th Nov 31 Jan 2022
Due date of furnishing of belated/revised income tax return for the Assessment Year 2021-22 31 Jan 2022 31 Mar 2022
Filing the equalisation levy statement in Form-1 30 June 31 Dec

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