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The deadline for filing tax returns extended to December 31.
The government said on Thursday that the deadline for filing income tax returns has been extended to December 31, citing the coronavirus outbreak and ongoing technical issues with its website.
Normally due by the end of July, the deadline was extended in May owing to the coronavirus epidemic until September 30.
“In light of the difficulties reported by taxpayers and other stakeholders in filing Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961(the “Act”), the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing Income Tax Returns and various reports of audit for the Assessment Year 2021-22,” according to the statement.
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Due to difficulties experienced by taxpayers in completing Income Tax Returns (ITRs) and Audit reports for the fiscal year 2021-22 under the ITAct, 1961, the CBDT has extended the deadlines for filing ITRs and Audit reports for the fiscal year 2021-22. Circular No.17/2021, dated September 9, 2021, was issued.
9 September 2021 — Income Tax India
“The due period for filing Returns of Income for the Assessment Year 2021-22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September 2021 by Circular No.9/2021 dated 20.05.2021, is thus further extended to 31st December 2021,”.
From November 30, 2021, the CBDT has extended the deadline for filing ITRs for businesses until February 15, 2022.
The deadlines for filing the tax audit report and the transfer price certificate have been extended from October 31 to January 15, 2022, and January 31, 2022, respectively, from the previous deadlines of October 31 and November 30.
The deadline for filing a late or revised income tax return has been extended by two months, to March 31, 2022.
Concerning the tax portal’s difficulties, the finance ministry stated on Wednesday that it is working with Infosys to provide a smooth filing experience for taxpayers.
The CBDT released the paperwork for filing I-T returns for the 2020-21 fiscal year on April 1.
Under section 115BAC of the Internal Revenue Code, the government had given taxpayers the option of choosing a new tax regime for the fiscal year 2020-21.