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

CBDT has 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, to provide relief to taxpayers/ professionals in view of spread of COVID-19 pandemic. ITR filing due dates have been extended, as under:

Type of Compliance Requirement (AY 2021-22)Original Due DateExtended Due Date
Income Tax Return (Assessees not subject to Audit): u/s 139(1) of the Income Tax Act, 196131/07/202130/09/2021
Income Tax Return (Assessees subject to Audit): u/s 139(1) of the Income Tax Act, 196131/10/202130/11/2021
Income Tax Return (Assessees subject to Transfer Pricing Report): u/s 139(1) of the Income Tax Act, 196130/11/202131/12/2021
Tax Audit Report: under any Provision/ Section of the Income Tax Act, 196130/09/202131/10/2021
Transfer Pricing Report: u/s 92E of the Income Tax Act, 196131/10/202130/11/2021
Belated/ Revised Income Tax Return: u/s 139(4)/ 139(5) of the Income Tax Act, 196131/12/202131/01/2022

CBDT Income Tax Circular 12/2021 dt. 25/06/2021: CBDT extends timelines for various compliances under Income Tax,  to provide relief to taxpayers.

In the above Circular 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, 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.

In this regard, following Press Releases have been issued earlier by the CBDT:

i) CBDT Press Release dt. 20/05/2021

ii) CBDT Press Release dt. 25/06/2021

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