CBDT has further extended the due dates for filing of Income Tax Return (ITR)/ Tax Audit Report (TAR)/ Transfer Pricing Report (TPR), in respect of FY 2020-21/ AY 2021-22. Earlier the ITR filing due dates have been extended, vide Circular 9/2021 dt. 25/06/2021, to provide relief to taxpayers/ professionals in view of spread of COVID-19 pandemic. Later, the ITR filing due dates have been further extended, vide Circular 17/2021 dt. 09/09/2021, in view of difficulties reported by the taxpayers and other stakeholders in e-filing thereof at the portal. Summary of extended due dates is as under:
|Type of Compliance Requirement (AY 2021-22)||Original Due Date||Extended Due Date||Further Extended Due Date|
|Income Tax Return (Assessees not subject to Audit): u/s 139(1) of the Income Tax Act, 1961||31/07/2021||30/09/2021||31/12/2021|
|Income Tax Return (Assessees subject to Audit): u/s 139(1) of the Income Tax Act, 1961||31/10/2021||30/11/2021||15/02/2022|
|Income Tax Return (Assessees subject to Transfer Pricing Report): u/s 139(1) of the Income Tax Act, 1961||30/11/2021||31/12/2021||28/02/2022|
|Tax Audit Report: under any Provision/ Section of the Income Tax Act, 1961||30/09/2021||31/10/2021||15/01/2022|
|Transfer Pricing Report: u/s 92E of the Income Tax Act, 1961||31/10/2021||30/11/2021||31/01/2022|
|Belated/ Revised Income Tax Return: u/s 139(4)/ 139(5) of the Income Tax Act, 1961||31/12/2021||31/01/2022||31/03/2022|
In the above Circulars, the CBDT has clarified that the extension of due dates for filing of Income Tax Return shall not affect the provisions under Explanation 1 to section 234A (Interest for default in furnishing ITR), if amount of tax payable exceeds Rs. 1 lakh.
Further, it has been clarified that in the case of a resident individual referred to in section 207(2), i.e. senior citizen not having any income from business or profession, the tax paid by him u/s 140A within the original due date (without extension), shall be deemed to be the advance tax.