ITR & TAR Due Dates further Extended by CBDT: FY 2020-21/ AY 2021-22

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 DateExtended Due DateFurther Extended Due Date
Income Tax Return (Assessees not subject to Audit): u/s 139(1) of the Income Tax Act, 196131/07/202130/09/202131/12/2021
Income Tax Return (Assessees subject to Audit): u/s 139(1) of the Income Tax Act, 196131/10/202130/11/202115/02/2022
Income Tax Return (Assessees subject to Transfer Pricing Report): u/s 139(1) of the Income Tax Act, 196130/11/202131/12/202128/02/2022
Tax Audit Report: under any Provision/ Section of the Income Tax Act, 196130/09/202131/10/202115/01/2022
Transfer Pricing Report: u/s 92E of the Income Tax Act, 196131/10/202130/11/202131/01/2022
Belated/ Revised Income Tax Return: u/s 139(4)/ 139(5) of the Income Tax Act, 196131/12/202131/01/202231/03/2022

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.

Also, in this regard, CBDT has issued the Press Releases dt. 20/05/2021, 25/06/2021 and 09/09/2021.

Related Posts:

Infosys asked to Resolve Issues of new e-filing Portal by 15/09/2021: MoF

Updates on functioning of e-Filing portal of the Income Tax Department

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