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 30th September 2021, as extended to 31st October 2021 vide Circular No.9/2021
dated 20.05.2021, is hereby further extended to 15th January 2022;
The due date of furnishing Report from an Accountant by persons entering into an international transaction
or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which is
31st October 2021, as extended to 30th November 2021 vide Circular No.9/2021 dated 20.05.2021, is
hereby further extended to 31st January 2022;
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st
October 2021 under sub-section (1) of section 139 of the Act, as extended to 30th November 2021 vide
Circular No.9/2021 dated 20.05.2021 is hereby further extended to 15th February 2022;
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 30th
November 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December 2021
vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 28th February 2022;
The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22,
which is 31st December 2021 under sub-section (4)/sub-section (5) of section 139 of the Act, as
extended to 31st January 2022, vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to
31st March 2022;
It is also clarified that the extension of the dates as referred to in clauses (9), (12), and (13) of Circular
No.9/2021 dated 20.05.2021 and in clauses (1), (4) and (5) above shall not apply to Explanation 1 to section
234A of the Act, in cases where the amount of tax on the total income is reduced by the amount as specified
in clauses (i) to (vi) of sub-section (1) of that section exceeds rupees one lakh. Further, in case of an
an individual resident in India referred to in sub-section (2) of section 207 of the Act, the tax paid by him under
section 140A of the Act within the due date (without extension under Circular No.9/2021 dated 20.05.2021
and as above) provided in that Act, shall be deemed to be the advance tax.
Summary:-
Following due dates have been extended which I believe is in wake of the challenges put forward by the new Income Tax portal.
a. Non-Audit tax returns - Extended to December 31, 2021
b. Tax Audit reports - Extended to January 15, 2022
c. TP Report - Extended to January 31, 2022
d. Audit tax returns - Extended to February 15, 2022
e. TP tax returns - Extended to February 28, 2022
f. Belated tax returns - Extended to March 31, 2022, from December 31, 2021.
However, no extension has been announced under the Companies Act, 2021 for holding AGM. Hence, Companies will still be required to compile their financial statements and present them to their shareholders by Sept 30th, 2021.
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