Extended due dates of Income Tax Return and Tax Audit

The Indian government has extended the deadline for filing the Annual Income Tax Return (ITR) for Fiscal Year 2020-21 from September 30, 2021 to December 31, 2021 for Indian citizens.

Those whose accounts do not require an audit and who typically file a tax return are eligible for the extension. Forms ITR-1 and ITR-4 are used to report income.

The Finance Ministry stated in a statement that the decision was based on taxpayers’ and other stakeholders’ allegations of difficulties in completing income tax returns and different audit findings for the 2021-22 assessment year under the Income Tax Act of 1961.

Individuals’ deadline to file their Annual Income Tax Return (ITR) for fiscal year 2020-21 has been extended from July 31, 2021 to July 31, 2022. From the beginning, various challenges and problems have eclipsed the new gateway for e-filing income tax returns. Finance Minister Nirmala Sitharaman has given Infosys, the corporation responsible for the new income tax site, until September 15, 2021 to remedy any difficulties.

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Individuals’ ITR application deadlines were extended four times last year, initially from 31 July to 30 November 2020, then till 31 December 2020, and finally until 10 January 2021.

Due to difficulties experienced by taxpayers in completing income tax returns (ITR) and audit reports for the fiscal years 2021-22 under the Income Tax Act of 1961, the CBDT has extended the deadline for filing ITR and audit reports for the fiscal years 21-22. The IT department tweeted, “Circular 17/2021, dated 09.09.2021, has been issued.”

The deadline for filing audit reports for the preceding fiscal year 2020-21 in conformity with all statutory provisions has been extended to January 15, 2022.

The deadline for filing an accountant’s report under Article 92F of the Act by anyone who made certain international or domestic transactions in the preceding year 2020-21 is now 31 January 2022.

IT has agreed to extend the deadline for filing SPT PPh AY 2021-22, as well as various other deadlines, to February 15, 2022.

The deadline for submitting returns for the 2021-22 appraisal year, which was previously set for December 31, 2021, has been pushed back to February 28, 2022.

For the 2021-22 AY, the deadline for awarding pending or revised income refunds has been extended to March 31, 2022.2022.