Electronic income

CBDT Extends Tax Filing Deadline To March 15

The Central Commission for Direct Taxes (CBDT) on Tuesday extended the deadline for filing the income tax return (ITR) for the tax year 2021-2022 until March 15, 2022, for specific eligible taxpayers to control, according to a statement from the Ministry of Finance. informed.

“Considering the difficulties reported by taxpayers and other stakeholders due to COVID and in the electronic filing of various audit reports under the provisions of the Income Tax Act 1961 (the Act), the Central Commission for Direct Taxes (CBDT) has decided to further extend the deadlines for filing income tax returns and various audit reports for the tax year 2021-2022, ”the government statement reads .

This extension follows calls from several associations of accountants, taxpayers, tax specialists, etc. with the government, urging them to extend the deadline for submitting tax audit reports and filing income tax returns. Various tax specialists and accountants even raised their concerns on social media platforms a few days ago and launched hashtags asking for extension of due dates.

Here’s what the CBDT announced:

  • The due date for submission of the audit report under any provision of the law for the previous year 2020-2021, which was September 30, 2021, in the case of the persons evaluated referred to in clause (a) of explanation 2 of subsection (1) of article 139 of the law, as extended until October 31, 2021 and January 15, 2022 by circular n ° 9/2021 of 20.05.2021 and circular n ° 17/2021 of 09.09.2021 respectively, is extended until February 15, 2022;
  • The due date for submission of the audit report under any provision of the law for the previous year 2020-2021, which was October 31, 2021, in the case of the persons assessed referred to in clause (aa) of explanation 2 of subsection (1) of article 139 of the Act, is extended until February 15, 2022;
  • The due date for the submission of an accountant’s report by persons concluding an international transaction or a domestic transaction specified under section 92E of the law for the preceding year 2020-2021, which was October 31, 2021 , as extended until November 30, 2021 and January 31, 2022 by circular n ° 9/2021 of 20.05.2021 and circular n ° 17/2021 of 09.09.2021 respectively, is extended until February 15, 2022;
  • The due date for the income tax return for the assessment year 2021-2022, which was October 31, 2021 under paragraph (1) of article 139 of the law, as extended until 30 November 2021 and February 15, 2022 by Circular n ° 9/2021 of 20.05.2021 and circular n ° 17/2021 of 09.09.2021 respectively, is extended until March 15, 2022;
  • The due date for the income tax return for the assessment year 2021-2022, which was November 30, 2021 under subsection (1) of article 139 of the law, as extended to December 31, 2021 and on February 28, 2022 by circular no. 9/2021 of 20.05.2021 and circular n ° 17/2021 of 09.09.2021 respectively, is extended until March 15, 2022.