Due date of filing Income Tax Return for A.Y. 2021-22 extended till 31st December 2021
As we are all aware that the newly launched Income Tax Portal is facing many technical glitches and the Honourable Finance Minister had earlier asked Infosys to update the portal by 15th September 2021, an extension in the deadline of filing income tax returns was already expected. In the line with the expectation, the CBDT on 9th September 2021 issued a Press Release announcing the extension of due dates of filing income tax returns and tax audit & other audit reports. The extension in various due dates is summarized in the table below:
Extension of due date for Income Tax Compliances |
|||
|
Clause |
Compliance under Income Tax |
Original or extended due date |
Revised or further extended due date |
|
1 |
Due date for filing Income Tax Return for Assessment Year 2021-22 (Non-Audit cases) |
31st July 2021 extended till 30th September 2021 |
Now extended till 31st December 2021 |
|
2 |
Due date for furnishing Tax Audit Report or audit report under any other provisions of the Act for Assessment Year 2021-22 |
30th September 2021 extended till 31st October 2021 |
Now extended till 15th January 2022 |
|
3 |
Due date for furnishing Audit report in respect of an international transaction or specified domestic transaction under section 92E (Transfer Pricing) for Assessment Year 2021-22 |
31st October 2021 extended till 30th November 2021 |
Now extended till 31st January 2022 |
|
4 |
Due date for filing Income Tax Return for Assessment Year 2021-22 for assessee whose accounts are to be audited or partners of firms whose account are to be audited (Audit cases) |
31st October 2021 extended till 30th November 2021 |
Now extended till 15th February 2022 |
|
5 |
Due date for filing Income Tax Return for A.Y. 2021-22 for those assessees who are required to furnish audit report u/s 92E of the Act |
30th November 2021 extended till 31st December 2021 |
28th February 2022 |
|
6 |
Last date of filing belated/ revised returns for Assessment Year 2021-22 |
31st December 2021 extended till 31st January 2022 |
Now extended to 31st March 2022 |
Further, it has been clarified that the extension of the dates as referred to in (9), (12), and (13) of Circular No. 09/2021 dated May 20, 2021, and in clauses (1), (4) and (5) above shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clause (i) to (vi) of sub-section (1) of that section exceeds rupees one lakh. Further, in the case of an individual resident in India referred to in sub-section (2) of section 207 of the Act, the tax paid by him under section 140A of the Act within the due date (without extension under Circular No. 9/2021 dated May 20, 2021, and as above) provided in that Act, shall be deemed to be the advance tax.
CBDT Circular No. 17/2021 in F.No. 225/49/2021/ITA-II dated 09.09.2021 issued. The said circular is available on www.incometaxindia.gov.in
Read Press Release: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1753603&RegID=3&LID=1
Further, The Central Government extended the timelines for the various other compliances under Income Tax Act vide its Press Release dated 17th September 2021 as below:
| Nature of Compliance | Extended Due date |
| Linking PAN and Aadhaar | Extended from Sep. 30, 2021, to Mar. 31, 2022 |
| Last date for completion of penalty proceedings | Extended from Sep. 30, 2021, to Mar. 31, 2022 |
| Time Limit for issuing notice and passing order under Prohibition of Benami Property Transactions Act, 1988 | Extended up to 31st March 2022 |
Read Press Release: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1755936
