CA Umesh Sharma
Arjuna (Fictional Character): Krishna, the CBDT has issued a circular on 09.09.2021 for extension of due dates for various returns and compliances under the Income Tax Act.
Krishna, (Fictional Character): Arjuna, due to technical glitches on the new Income Tax portal, the due dates for various returns have been extended to help taxpayers.
Arjuna: Krishna, which due dates have been extended in the above circular?
Krishna: Arjuna, Some of the important due dates that have been extended are as follows:
|
Particulars |
Original Due Date |
Extended Due Date as per Circular dated 20.05.2021 |
Further Extended Due Date As per Circular dated 09.09.2021 |
|
Return of Income where audit is not applicable |
31-07-2021 |
30-09-2021 |
31-12-2021 |
|
Tax Audit Report |
30-09-2021 |
31-10-2021 |
15-01-2022 |
|
Audit report under sec 92E(Transfer Pricing) |
31-10-2021 |
30-11-2021 |
31-01-2022 |
|
Return of Income where audit is applicable |
31-10-2021 |
30-11-2021 |
15-02-2022 |
|
Return of Income under sec 92E |
30-11-2021 |
31-12-2021 |
28-02-2022 |
|
Belated/revised return of income for A.Y.2021-2022 |
31-12-2021 |
31-01-2022 |
31-03-2022 |
Arjuna: Krishna, what care should be taken while availing the benefit of relaxation?
Krishna: Arjuna, it should be kept in mind with respect to the filing of income tax return, that the due date has been extended only for filing of return. Hence interest u/s 234A shall continue to be leviable where the self-assessment tax payable exceeds Rs. 1 lakh and return is filed after the original due date.
Arjuna: Krishna, the above circular will provide relief to what extent?
Krishna: Arjuna, due to technical glitches on the new Income Tax portal, the Central Government has extended the due dates of various returns to help taxpayers. The relaxations have been provided only to a limited extent.
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