Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 Avoid these three errors at all costs Filing tax returns
  All you need to know NPS offers triple income tax benefits.
 Income-tax (29th Amendment) Rules, 2021
 Extension of time lines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22
 PPF or NPS: Where to invest to save tax under section 80C?
 Income tax return filing deadline for FY 2020-21 extended to December 31, 2021
 Income-Tax return (ITR) filing deadline for FY21 extended again. Details here
 Top mistakes to avoid while filing Income Tax Return (ITR) for AY 2021-22 this month
 Income-tax (26th Amendment) Rules, 2021
  Filing your income tax returns? Check your form 26AS details first
 Late filing fees Rs 5000! File ITR by THIS date- Here is how Income Tax Return Filing
 Make sure you don't miss extended tax filing deadline
 Six tax free bonds that bring safety and returns
 ITR filing deadline for FY20-21 may have to be extended beyond Sept 30, 2021
 6 different ways to verify Income Tax Returns (ITR)

Income tax return filing deadline for FY 2020-21 extended to December 31, 2021
September, 09th 2021

The government has once again extended the deadline to file income tax return (ITR) for FY 2020-21 by three months to December 31, 2021 from September 30, 2021. The deadline has been extended due to glitches on the new income tax portal which had made it difficult for scores of taxpayers to complete their ITR filing process.

This is the second time this fiscal the government has extended the deadline of filing ITR for individuals whose accounts are not required to be audited. Earlier, due to the second wave of the Covid-19, the ITR filing deadline was extended by two months from usual deadline of July 31 to September 30, 2021.

As per the press release issued by Central Board of Direct Taxes today, "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."


Along with this, the government has extended the deadline to file belated and/or revised ITR by two months from January 31, 2022 to March 31, 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."

Tech issues in new e-filing portal
ET online had reported earlier that the ITR filing deadline may have to be extended beyond September 30, 2021 due to the glitches in the new income tax portal.


The newly launched income tax filing portal of the tax department was marred with technical issues from day one its launch. Many tax filers were finding it difficult to file their returns using the portal. Various stakeholders complained of issues faced during different stages of the filing process. Some taxpayers even complained that interest and late fee was charged while filing ITR after July 31, 2021 (the deadline which was extended to September 30, 2021).

The government had earlier extended the deadline for receiving Form 16 from the employers twice first from June 15, 2021, to July 15, 2021, and then again to July 31, 2021. This had left exactly two months for the individuals to file their ITR. However, the new portal being slow had made it difficult for taxpayers to file their returns.

Missing the ITR filing deadline would have had penal consequences. A late filing fee of Rs 5,000 would be levied if the ITR is filed by an individual af ..

Do keep in mind that government has also extended the deadline of filing belated ITR by one month from new deadline of December 31, 2021, to January 31, 2022. If the ITR is not filed by January 31, 2022, then the individual will not be able to file ITR for FY 2020-21, unless a notice is issued by the income tax department.


A late filing fee of Rs 5,000 along with penal interest at the rate of 1 per cent per month will be levied on the non-payment of tax dues in this case.

Other income tax deadlines extended
As per the press release, the CBDT has also extended the various other deadlines related to ITR filing:
1. 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;

 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting