There is a relief for corporates as well as individual taxpayers in India. Once again, the CBDT has notified Income Tax Return Filing due to date extension via press release. The notification was released on January 11, 2022, and is applicable to the assessment year 2021-22. In this article, we will understand the latest notification by CBDT regarding Income Tax Return Filing.
The ITR Filing Due Date is the date up to which taxpayers can file income tax returns without facing a penalty. Hence, Income Tax Return Filing Due Date Extended for AY 2021-22 is a major relief to taxpayers and one time opportunity to avoid the hefty penalties.
CBDT extends Due date for Income Tax Return Filing
The CBDT(Central Board of Direct Taxes) has extended due dates for ITR Filing considering the appeals by taxpayers and other stakeholders regarding difficulties faced because of COVID and in electronic ITR Filing.
It is the third time when Income Tax Return Filing due dates have been extended because of COVID and technical problems faced in ITR Filing.
Earlier the ITR Filing due dates were extended via a notification dated 9th September 2021 to support the taxpayers and professionals considering the COVID-19 pandemic’s spread and the problems taxpayers and other stakeholders have encountered in e-filing their returns at the website.
ITR Filing Due Date Extended For FY21 mentions the earlier due dates applicable before 11th January 2022.
However, as per the latest notification from CBDT dated 11th January 2022, the deadline for ITR Filing of AY 2021-22 has been now extended up to 15th March 2022. Moreover, the due dates for filing tax audit reports are extended up to 15th February 2022.
Relief to Individual Taxpayers and Corporates
Due to continued challenges faced by the taxpayers, the CBDT has extended the following deadlines:
ITR DUE DATE who requires International transactions tax audit u/s 92E
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 30 th November 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December 2021 and 28th February 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th March 2022.
ITR DUE DATE OF INDIVIDUAL, FIRM & COMPANY (Who requires Audit)
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31 st October 2021 under sub-section (1) of section 139 of the Act, as extended to 30th November 2021 and 15th February 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th March 2022.
DUE DATE OF FILING FORM 3CEB TAX AUDIT REPORT
The due date of furnishing of Report from an Accountant by persons entering into an international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which was 31 st October 2021, as extended to 30th November 2021 and 31st January 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th February 2022.
DUE DATE OF TAX AUDIT REPORT (Form-3CD) FILING U/S 44AB
The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was 30th 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 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th February 2022.
DUE DATE OF TAX AUDIT REPORT (FORM 3CA OR 3CB)
The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was 31st October 2021, in the case of assessees referred in clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act, is hereby extended to 15th February 2022.
BELATED & REVISED ITR DUE DATE FOR AY 2021-22
There is no change in the due date for furnishing belated and revised ITR FOR AY 2021-22. It remains extended to 31st March 2022 as notified by the previous notification.
Understand ITR Filing Due Date Extended for AY 2021-22
Income Tax Return Filing Due Date Extended for AY 2021-22 can be understood through the following table:
| Kind of Compliance Requirement(AY 2021-22) | Original Due Date | Extension via Notification Circular 9/2021 | Extension via Notification Circular 17/21 | Extension via Notification Circular 1/2022 |
| Income Tax Return (Assessees not subject to Audit): u/s 139(1) of the Income Tax Act, 1961 | 31st July 2021 | 30th October 2021 | 31st December 2021 | No change |
| Income Tax Return (Assessees subject to Audit): u/s 139(1) of the Income Tax Act, 1961 | 31st October 2021 | 30th November 2021 | 15th February
2022 |
15th March 2022 |
| Income Tax Return (Assessees subject to Transfer Pricing Report): u/s 139(1) of the Income Tax Act, 1961 | 30th November 2021 | 31st December 2021 | 28th February 2022 | 15th March 2022 |
| Tax Audit Report: under any Provision/ Section of the Income Tax Act, 1961 | 30th September 2021 | 31st October 2021 | 15th January 2022 | 15th February 2022 |
| Transfer Pricing Report: u/s 92E of the Income Tax Act, 1961 | 31st October 2021 | 30th November 2021 | 31st January 2022 | 15th February 2022 |
| Belated/ Revised Income Tax Return: u/s 139(4)/ 139(5) of the Income Tax Act, 1961 | 31st December 2021 | 31st January 2022 | 31st March 2022 | No change |
Moreover, If you want any other guidance relating to ITR Filling, please feel free to talk to our business advisors at 8881-069-069.
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