09 Oct
What is the last date for filing income tax AY 2021 2022
What is the last date for
filing income tax? ITR Deadline- FY 2020-21, AY 2021-22
The last date
for filing an income tax return is the date by which a return can be filed
without any delay charges or penalties. Taxpayers who have paid such an amount
will have to pay interest under section 234A and penalty under section 234F.
The
latest updates
The CBDT has
issued a circular on 09 September 21 extending the deadline for some direct tax
compliance for AY 2021-22.
1.
Filing of ITR due to extension of date:
i) The filing
of ITR by the taxpayers which is not covered by the audit has been extended
from 30th September 2021 to 31st December 2021.
ii) ITR
filing for tax audit cases has been extended till 15th February 2022
iii) Filing
of ITR for transfer price has been extended till 28th February 2022
iv) ITR for
filing delayed or revised returns for FY 20-21 has been extended from 31st
December 21 to 31st March 2022
2.
Furnishing audit report:
i) Deadline
for submission of the audit report has been extended to 15th January 2022
ii) The
deadline for submission of the audit report for transfer cost cases has been
extended to 31st January 2022
It is
important for all taxpayers to remember the last date for filing income tax
returns. The due date varies depending on the taxpayer. For example, salaried
individuals are usually required to file their income tax returns by July 31,
while corporate auditors involved in the audit may file their returns by
September 30 of the year.
Regards
Team Alliance
Tax Experts
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