The deadline to file Income Tax Returns extended to March 15

The Central Board of Direct Taxes (CBDT), pursuant to the Income Tax Act of 1961, has announced an extension to the deadline for filing income tax returns for Assessment Year 2021-22. The extension notification has been issued after various taxpayers requested the tax department and finance ministry to extend the due date owing to increased COVID-19 cases and problems in the new income tax portal. The CBDT took note of the request and problems faced by the taxpayers and has extended the deadline to 15th March 2022. This decision has been announced by the income tax depart via press release on 11th January 2022. Various tax associations, taxpayers, tax professionals, etc. requested the government to extend the deadline for submission of income tax reports. 

Key points of the notification:

• Clause (a) of explanation 2 to section 139(1) of the Income Tax Act, 1961 provides for assessee whose last date to furnish a report of audit was 30th September 2021. Firstly, their due date was extended to 31st October 2021 by circular no. 9/2021 and then it was extended to 15th January 2022 by circular no. 17/2021. Further, the due date has been extended to 15th February 2022.

• The due date to furnish a report of the audit by assessees referred under Clause (aa) of explanation 2 to section 139(1) of the Income Tax Act, 1961 has also been extended to 15th February 2022.

• The deadline for furnishing a report of audit from an accountant under section 92E of the Income Tax Act, 1961 was 31st October 2021. It got extended to 30th November 2021 by circular no. 9/2021 and then to 31st January 2022 by circular no. 17/2021. It has now been extended to 15th February 2022.

• The due date of furnishing return of income was initially 31st October 2021 under section 139(1) of the Income Tax Act, 1961. Circular no, 9/2021 extended the due date to 30th November 2021, and circular no. 17/2021 extended the deadline to 15th February 2022. Further, the CBDT has extended the deadline to 15th March 2022.

• Previously, the due date of furnishing the return of income was 30th November 2021 under section 139(1) of the Income Tax Act, 1961. It was extended to 31st December 2021 by circular no. 9/2021 and then to 28th February 2022 by circular no. 17/2021. The deadline is further extended to 15th March 2022.

Extension of deadline to 15th February 2022

Initially, the due date of furnishing the report of audit for the previous year was 30th September 2021. The CBDT has extended the deadline to 15th February 2022 for the following assessees:

• Assessees under explanation 2 of clause (a) of section 139(1) of the Income Tax Act, 1961

• Assessees under explanation 2 of clause (aa) of section 139(1) of the Income Tax Act, 1961

• Report under Section 92E of the Income Tax Act, 1961

Extension of deadline to 15th March 2022

The deadline to furnish the return of income has been extended to 15th March 2022 under section 139(1) of the Income Tax Act, 1961. 

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Author:

Mili Rawat
Dehradun
B.A.LLB(Hons.) from National Law Institute University, Bhopal.