Income Tax Return Filing Due Dates for FY 2020-21 Further Extended!

The CBDT has extended the deadlines for filing an income tax return and audit report for FY 2020-21 because of technical issues in the new income tax portal. The new compliance dates are as below:

  1. For individuals, professionals, small businesses, etc., i.e. for non-audit cases, the ITR filing date is further extended to 31st December 2021. Previously, the due date was extended to 30th September 2021 from the original due date of 31st July 2021 via Circular No. 09/2021 dated 20.05.2021.
  2. For companies and firms whose accounts must be audited, the due date is extended to 15th February 2022.  Previously, the due date was extended to 30th November 2021 from the original due date of 31st October 2021 via Circular No. 09/2021 dated 20.05.2021.
  3. The due date of furnishing the audit report as per the Income Tax Act is extended to 15th January 2022.  Previously, the due date was extended to 31st October 2021 from the original due date of 30th September 2021 via Circular No. 09/2021 dated 20.05.2021.
  4. For taxpayers entering into international and domestic transactions under Section 92E, the ITR filing date for them is further extended to 28th February 2022. Previously, the due date was extended to 31st December 2021 from the original due date of 30th November 2021 via Circular No. 09/2021 dated 20.05.2021.
  5. The transfer pricing audit report furnishing date is extended to 31st January 2022. Previously, the due date was extended to 30th November 2021 from the original due date of 31st October 2021 via Circular No. 09/2021 dated 20.05.2021.
  6. The due date for furnishing the revised or belated return is further extended to 31st March 2022 from the previous extended date of 31st January 2022.
Particulars Extended due dates FY21
ITR filing- Individuals and small businesses (Non-audit cases) 31st December 2021
ITR filing- Companies and other entities liable for audit 15th February 2022
ITR filing- International and domestic transactions under Section 92E 28th February 2022
ITR filing- Belated and revised return 31st March 2022
Audit report- Income Tax Act 15th January 2022
Audit report- International and domestic transactions  31st January 2022

The extension of deadlines for income tax return filing in audit, non-audit, and transfer pricing cases does not extend the due date of payment of self-assessment tax, where the self-assessment tax liability exceeds Rs 1 lakh.  

For more information about the extension of the due dates and the notification, please visit https://bit.ly/3jYphuU

For any clarifications/feedback on the topic, please contact the writer at namita.shah@cleartax.in

You May Also Like

Taxation of dividend income received on or after 1 April 2020 (FY 2020-21)

You may receive a dividend from your equity or mutual fund investments.…
GSTR-9

CBIC has notified an extension of two months to various GST compliance

The government of India has notified yet another extension for the completion…
Gold Jewellery

24K Gold Rate in India for November 2019: Week 4

The fourth week began with the gold rate in India holding at…

Due date to file annual GSTR-4 for FY 2019-20 gets further extended

The government has further pushed the deadline to file the brand new…