Income Tax – Extension of Time Limits

In view of difficulties reported by the taxpayers and other stakeholders in electronic filing of various Reports of Audit, CBDT has extended time limits of certain compliances under Income Tax.

Some of the important points are highlighted here:

1. Return of Income for Certain Assessees for the Assessment Year 2021-22
   
   The due date of Filing Return of Income for Corporate Assessee, non-corporate assessee (whose books of account are required to be audited),partner of a firm whose accounts are required to be audited for the Assessment Year 2021-22 has extended to 15th March 2022 (previously 15th February, 2022).
   
   
2. Furnishing of Report of Audit for the Previous Year 2020-21
   
   The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21 has extended to 15th February 2022 (previously 15th January 2022).
   
   
3. Furnishing Report u/s 92E for the Previous Year 2020-21
   
   The due date of furnishing 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 has extended to 15^th February 2022 (previously 31st January 2022).
   
   
4. Return of Income for Assessee required to furnish report u/s 92E for the Assessment Year 2021-22
   
   The due date of furnishing of Return of Income for the Assessment Year 2021-22 has extended to 15th March 2022 (previously 28th February 2022).
   

For the Circular no : 01/2022 dated 11th January 2022, Click Here:
https://incometaxindia.gov.in/communications/circular/circular-no-1-2022.pdf