In view of difficulties reported by the taxpayers and other stakeholders in electronic filing of Income-tax returns and 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 of Regular Assessees for the Assessment Year 2021-22
The due date of furnishing of Return of Income of Regular Assessee for the Assessment Year 2021-22 has extended to 31st December 2021 (previously 30th September 2021).
2. Return of Income for Other 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 February 2022 (previously 30th November, 2021).
3. Furnishing of Report of Audit for the Previous Year 2020-21
The 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 January 2022 (previously 31st October 2021).
4. 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 31st January 2022 (previously 30th November 2021).
5. 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 28th February 2022 (previously 31st December 2021).
6. Furnishing of belated/revised Return of Income for the Assessment Year 2021-22
The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22 has extended to 31st March 2022 (previously 31st January 2022).
For the circular, Click here: https://incometaxindia.gov.in/Communications/Circular/circular-no-17-of-2021.pdf