Income Tax: Relief to taxpayers! ITR filing, audit reports filing last date extended - Check new due dates

Income Tax: In a big relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has extended due dates for filing audit reports and Income Tax Returns (ITRs) for 2021-22. The decision has been taken considering the difficulties due to the COVID-19 situation.

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A recent tweet from the official Twitter handle of Income Tax India reads, "On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs for AY 21-22. Circular No. 01/2022  dated 11.01.2022 issued."

On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs for AY 21-22. Circular No. 01/2022 dated 11.01.2022 issued. pic.twitter.com/2Ggata8Bq3

— Income Tax India (@IncomeTaxIndia) January 11, 2022

The due dates that have been extended are as follows:

ITR

1) The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was October 31, 2021 under sub-section (1) of section 139 of the Act, as extended to November 30, 2021 and February 15 , 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is further extended to March 15, 2022

2) The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was October 31, 2021 under sub-section (1) of section 139 of the Act, as extended to November 30, 2021 and February 15, 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is further extended to March 15, 2022.

Audit reports

1) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was September 30, 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 October 31, 2021 and January 15, 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is further extended to February 15, 2022;  

2. The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was October 31, 2021, in the case of assessees referred in clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act, is extended to February 15, 2022;

3. The due date of furnishing of Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which was October  31, 2021, as extended to November 30, 2021 and January 31, 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is further extended to February 15, 2022.