In a statement, the board says, “On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports of audit under the provisions of the Income-Tax Act, the CBDT has decided to extend the due dates further...”
Here are the details of dates extended by CBDT...
- The due date of furnishing of report of audit under any provision of the Act for the previous year 2020-21, which was 30 September 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 31 October 2021 and 15 January 2022 by circular No.9/2021 dated 20 May 2021 and circular No.17/2021 dated 9 September 2021 respectively, is further extended to 15 February 2022.
- The due date of furnishing of report of audit under any provision of the Act for the previous year 2020-21, which was 31 October 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 15 February 2022.
- 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 31 October 2021, as extended to 30 November 2021 and 31 January 2022 by circular No.9/2021 dated 20 May 2021 and circular No.17/2021 dated 9 September 2021 respectively, is further extended to 15 February 2022.
- The due date of furnishing of return of income for the AY21-22, which was 31 October 2021 under sub-section (1) of section 139 of the Act, as extended to 30 November 2021 and 15 February 2022 by circular No.9/2021 dated 20 May 2021 and circular No.17/2021 dated 9 September 2021 respectively, is further extended to 15 March 2022.
- The due date of furnishing of return of income for the AY21-22, which was 30 November 2021 under sub-section (1) of section 139 of the Act, as extended to 31 December 2021 and 28 February 2022 by circular no.9/2021 dated 20 May 2021 and circular no.17/2021 dated 9 September 2021 respectively, is further extended to 15 March 2022.
CBDT also clarified that the extension of the dates as referred to in clauses (12) and (13) of circular no.9/2021 dated 20 May 2021, clauses (4) and (5) of circular No.17/2021 dated 9 September 2021 and in clauses (4) and (5) would not apply to explanation 1 to Section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that Section exceeds Rs1 lakh.
Further, in the case of an individual resident in India referred to in sub-section (2) of Section 207 of the Act, the tax paid by him under section 140A of the Act within the due date (without extension under circular no.9/2021 dated 20 May 2021, circular no. 17/2021 dated 9 September 2021 and as above) provided in that Act, shall be deemed to be the advance tax, it added.
As reported by Moneylife, several bodies representing chartered accountants (CAs) from across the country had requested finance minister (FM) Nirmala Sitharaman to extend the deadlines for filing returns for ITRs and other tax audit reports due to technical glitches and errors in the I-T portal and third wave of coronavirus (COVID-19).
The CA bodies had highlighted 11 issues while filing returns for I-T and tax audit. This includes login issues, last-minute updates of versions of utilities, problems in accepting audit forms and reports, non-availability of acknowledgement for ITRs, registration of new cases and digital signature certificates, one-time passcodes (OTPs), ITR-6, AIS statement and forms 26AS, inability to upload audit report in form 10B for charitable organisations, and the non-issue of form 3CEB utility for transfer price audit reports. (
Read: CA Bodies Urge Extension of Deadline to 31st March for Filing ITRs, Tax Audit Reports)
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