Along with the extension of the ITR filing deadline, belated ITR filing deadline has been extended as well. “The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31 s1 December 2021 under sub-section (4)/sub-section (5) of section 139 of the Act, is extended to 31 st January 2022,” the CBDT stated.
“Various due date relaxations will reduce compliance burden for businesses that have been struggling in the current crisis. This also emphasises how critical it is for businesses to move their tax compliance fully online. The extension of due dates for various compliances for employers as well extension of tax filing due date for taxpayers is important in the current situation as the second wave of covid is raging through several states in India,” said Archit Gupta, Founder and CEO – ClearTax.
“The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for compliances under the Income-tax Act,” the latest CBDT circular stated.
Last year as well various tax-related deadlines were extended by the government due to the novel coronavirus pandemic. For instance, the tax-saving deadline was extended to July 31, 2020, and the ITR filing deadline for FY 2019-20 was extended to January 10, 2021.
