Centre extends for submitting Income Tax returns to March 15
- CBDT has announced a new deadline to file IT returns as March 15.
- The deadline for filing audit reports has been extended to February 15.
- The decision comes in consideration of difficulties reported by taxpayers due to Covid.
The Central government on Tuesday announced the deadline to file Income Tax returns has been extended to March 15, 2022. The Central Board of Direct Taxes informed of the development today. Along with the filings of tax returns, the deadline for filing audit reports has also been extended.
This is the third extension given for filing the income tax return for the 2020-21 fiscal for corporates. The original deadline for filing ITR for corporates was October 31, and those with transfer pricing transactions was November 30.
“On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs for AY 21-22. Circular No. 01/2022 dated 11.01.2022 issued”, The IT dept tweeted.
The decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, the Income Tax department said.
The due dates for filing an audit report, furnishing a report from an accountant have been extended to February 15, 2022.