The Central Board of Direct Taxes (CBDT) on Thursday increased it, giving a big relief to thousands of taxpayers. income tax return The deadline for filing ITR (ITR) for the financial year 2020-21 is December 31, 2021 from September 30. The expansion came as many taxpayers expressed dissatisfaction with the new income tax portal. filing ITR in the last few months. To make ITR filing easy and hassle-free, the Income Tax Department on June 7 introduced a new tax e-filing portal. From pre-filled income tax return forms to quick refunds – the new portal comes with a slew of new features to provide a “modern and seamless experience to the taxpayers”. However, the new income tax e-filing portal has faced glitches and other problems. start.
Finance Minister Nirmala Sitharaman also summoned Infosys Chief Executive Officer Salil Parekh to fix issues on the new income tax portal. Sitharaman had asked them to fix all the problems by September 15. “On consideration 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 extend the due dates for filing of income tax returns and various audit reports for the assessment year 2021-22,” the CBDT said in a statement on Thursday.
This was the second time that the Finance Ministry had extended the due dates for filing income tax returns in this financial year. The normal due date for filing income tax returns for the year 2020-21 was July 31. Earlier, the deadline for filing income tax returns was extended till September 30 in view of the coronavirus pandemic in the country. “The due date for furnishing the return of income for the assessment year 2021-22, which was the 31st July, 2021 under sub-section (1) of section 139 of the Act, has been extended to 30th September, 2021 vide circular no. had gone. /2021 dated 20.05.2021, is hereby extended to the 31st December, 2021,” the CBDT said in a statement.
“This is a welcome move, given that the tax website glitches are yet to be resolved. However, it needs to be noted that where taxes are due, the deferment in interest and advance taxes for default will continue till filing of tax return. So it is ideal that taxpayers pay their taxes and file their returns at the earliest,” said Arti Raote, partner, Deloitte India.
News18.com first reported on 23 August that Deadline for filing income tax return for FY21 Due to glitches in the new income tax portal, there may be a need to extend beyond 30 September.
Apart from filing income tax returns for the financial year 2020-21, the CBDT on Thursday also extended various tax compliance guidelines
1) The due date for furnishing the return of income for the assessment year 2021-22 has been further extended to 15th February, 2022. The earlier due date was extended till November 30.
2) The Income Tax Department also extended the due date for filing of report from an accountant by persons entering into international transactions or specified domestic transactions under section 92E for 2020-21. Now they have time till 31 January 2022.
3) The Income Tax Department has extended the due date for furnishing of return of income for the assessment year 2021-22, which is 30th November, 2021 under sub-section (1) of section 139 of the Act, up to 31st December has been exceeded. 2021 vide Circular No. 9/2021 dated 20.05.2021 is hereby extended up to February 28, 2022.
4) The due date for submission of audit report under any provision of the Income Tax Act for the previous year 2020-21 has been extended to January 15, 2022. Earlier the due date was October 31, 2021.
6) The due date for furnishing the belated/revised return of income for the assessment year 2021-22, which is the 31st day of December, 2021 under sub-section (4)/sub-section (5) of section 139 of the Act. Extended up to 30th January, 2022 vide circular No. 9/2021 dated 20.05.2021, which has been further extended to 31st March, 2022.
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