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News INCOME TAX

  • Sep 10, 2021
  • ITR filing due date for AY 2021-22 extended! Check new deadline to file income tax return

    Keeping in view the difficulties reported by taxpayers and other stakeholders in filing of Income Tax Returns as well as the various reports of audit for the Assessment Year 2021-22 under the Income-Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.

    The due date of furnishing of Return 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, is now further extended to 31st December, 2021.

    The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31st December, 2021 as extended to 31st January, 2022, is now further extended to 31st March, 2022.

    ITR Filing Date 2021
    The ITR filing last date for AY 2021-22 has now been extended and instead of 30th September, 2021, the income tax return due date now stands at December 31, 2021.

    “The CBDT has notified the extension in filing deadlines for tax returns. For individuals the tax filing deadline of July 31 2021 was extended to September 30 2021. This due date is now further extended this filing deadline to December 31 2021. This is a welcome move considering the glitches of the tax website has still to be resolved. However, one needs to note that where taxes are payable, the interest levy for default and deferment in advance taxes would continue till the filing of the tax return. Hence it is ideal that the tax payers pay taxes and file their returns as soon as feasible,” says Aarti Raote, Partner, Deloitte India.