Tax Audit & ITR due dates for Assessment Year 2021-22 extended by CBDT

Tax Audit Due date for AY 2021-22

Yet another extension has been made by the CBDT in case of due dates for filing tax audit report or other audit reports under the Income Tax Act, 1961. Consequential amendments have also been made in the due dates of filing ITR for the A.Y. 2021-22. Earlier also, the CBDT had made an extension in the above deadlines looking into the technical glitches in the new revamped Income Tax Portal.

Now, the latest variant of Covid-19 ‘Omicron’ has forced the tax authorities to make yet another extension in the audit deadlines. The Circular is issued on 11^th January 2022 by the CBDT. The major highlights of the Circular are as follows:

• The due date of furnishing Report of Audit under any provision of the Act for the Previous Year 2020-21, which was 30^th September, 2021, in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, as extended to: 31^st October, 2021 and 15^th January, 2022 is further extended to 15^th February 2022.

• The due date of furnishing of audit report under any provisions of the Act for the AY 2021-22 which was 31^st October 2021, in the case of assessees referred in clause (aa) of Explanation 2 to sub-section (1) of 139 of the Act: - extended to 15^th February 2022.

• The due date of furnishing of Report from an Accountant by persons entering into an international transaction or specified domestic transaction u/s 92E of the Act for the AY 2021-22, which was 31^st October 2021: earlier extended to 30^th November 2021 and 31^st January 2022, further extended to 15^th February 2022.

Read the Detailed Circular attached with this article.

Extension Circular

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