TAX ADVISOR - YOUR OWN TAX GUIDE

  On consideration of difficulties reported by the taxpayers and other stakeholders in the filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961(the “Act”), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22. Generally speaking, the due date for Filing of Return for an Individual/Firm (Non-Audit Case) has been extended to 31st December and that of Tax Audit to 15th January 2022. The details are as under: The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September 2021 vide Circular No.9/2021 dated 20.05.2021 is hereby further extended to 31st December 2021; The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is...