Income Tax

Due date for filing ITRs for AY 2021-22 extended. CBDT extends time limits of certain compliances

Due date for filing ITRs for AY 2021-22 extended. CBDT gives extension of time limits of certain compliances under Income Tax Act

Due date for filing ITRs for AY 2021-22 extended.

CBDT has issued circular no. 09/2021 dated 20th May 2021 to provide relief to taxpayers by extending due dates for filing ITRs and other returns in view of the severe Covid-19 pandemic
 
Earlier, the CBDT vide circular no. 05/2021 had given relaxation by extending deadlines for few compliances to 31st May 2021. It was very much expected that more relaxations are inevitable due to prevailing situation of Covid-19 in the Country.   
 
The Central Board of Direct Taxes has given these extensions in exercise of its power under section 119 of the Income-tax Act, 1961 which authorises the Board to issue such orders, instructions and directions to subordinate income-tax authorities as it may deem fit for the proper administration of the Act.

CBDT extends due date for filing ITRs for AY 2021-22

Table of extensions of due date / time limits 

The table of relaxations / extensions provided is as under:
 
Compliance Existing time limit Extended time limit

1. Statement of Financial Transactions (SFT) for the Financial Year 2020-21 under Rule 114E

31st May 2021 

30th June 2021

2. Statement of Reportable Account for the calendar year 2020 to be filed under Rule 114G

31st May 2021

30th June 2021

3. Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21

31st May 2021

30th June 2021

4. Issue of The Certificate of Tax Deducted at Source (TDS) Form No 16 under Rule 31

15th June 2021

15th July 2021

5. The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May 2021 under Rule 30 & 37CA 

15th June 2021

30th June 2021

6. Statement of Deduction of Tax from contributions paid by the trustees of an approved superannuation fund for the Financial Year 2020-21 under Rule 33

31st May 2021

30th June 2021

7. Statement of Income paid or credited by an investment fund to its unit holder in Form No 64D for the Previous Year 2020-21 under Rule 12CB

15th June 2021

30th June 2021

8. Statement of Income paid or credited by an investment fund to its unit holder in Form No 64C for the Previous Year 2020-21 under Rule 12CB

30th June 2021

15th July 2021

9. Due date of furnishing of Return of Income for the Assessment Year 2021-22

31st July 2021

30th September 2021

10. Due date of furnishing of Report of Audit under any provision for the Previous Year 2020-21

30th September 2021

31st October 2021

11. Due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E for Previous Year 2020-21

31st October 2021

30th November 2021

12. Due date of furnishing of Return of Income for the Assessment Year 2021-22

31st October 2021

30th November 2021

13. Due date of furnishing of Return of Income for the Assessment Year 2021-22

30lh November 2021

31st December 2021

14. due date of furnishing of belated/revised Return of Income for Assessment Year 2021-22

31st Dec 2021

31st January 2022

 
However, as per the circular issued, no interest for late filing return u/s 234A shall not be applicable for the extension of the dates in para (9), (12) and (13) above in cases where the net amount of tax does not exceed one lakh rupees.
 
In case of an individual resident in India , the self assessment tax paid by him within the due date (without extension under this Circular), shall be deemed to be the advance tax.

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