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Good News: Deadline For Filing Income Tax Returns Extended Till Dec 31

New Delhi: Central Board of Direct Taxes (CBDT) on Thursday further extended the deadline for filing Income Tax Returns (ITR) and various reports of audit for Assessment Year 2021-22.

The due date for income tax returns for those whose accounts are not to be audited has been extended a second time this year to December 31. The earlier extension was till September 30.

“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 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December, 2021,” the Finance Ministry said in a statement.

The due date of furnishing of report of audit under any provision of the Income-Tax Act for 2020-21, which was earlier extended to November 30 from October 31, has now been further extended to January 15, 2022, the ministry stated.

The deadline for furnishing a report from an accountant by persons entering into international transactions or specified domestic transactions under section 92E of Income-Tax Act for 2020-21 has been extended to January 31 next year.

The due date of furnishing of belated/revised income tax return for Assessment Year 2021-22 has now been extended to March 31 next year from January 31, 2022.

The Income Tax department had informed that several technical issues on the new ITR portal are being progressively addressed.

“It is reiterated that the Department is continuously engaged with Infosys to ensure a smooth filing experience to taxpayers,” CBDT had said on Wednesday.

The Finance Ministry had last month summoned Infosys CEO Salil Parekh to explain the issues resulting in disruption of the portal developed by the Bengaluru-based software company, which was awarded a contract in 2019 to develop next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds.

Finance Minister Nirmala Sitharaman had expressed “deep disappointment” over regular glitches since the portal was launched and gave Infosys a September 15 deadline to resolve the issues.

OB Bureau

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