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ITR Filing Due Date Extended
The due date for filing of ITR is the date by which the returns can be filed without any late fee or penalty. Taxpayers filing their return after the due date will have to pay interest u/s 234A and penalty u/s 234F.
Latest Update: ITR Filing Last Date Extended for FY 2020-21
CBDT has issued a circular on 9th Sep 21 extending the timelines for certain direct tax compliances for AY 2021-22.
1. ITR filing due to date extension:
i) ITR filing by taxpayers not covered under audit is extended from 30th Sep 21 to 31st Dec 21
ii) ITR filing for tax audit cases is extended to 15th Feb 22
iii) ITR filing for transfer pricing is extended to 28th Feb 22
iv) ITR filing of belated or revised return for FY 20-21 is extended from 31st Dec 21 to 31st March 22
2. Furnishing audit report:
i) Due date to furnish the audit report is extended to 15th Jan 22
ii) Due date to furnish the audit report for transfer pricing cases is extended to 31st Jan 22
It is important for all taxpayers to remember the last date of filing income tax returns. The due date varies on the basis of taxpayers. For instance, salaried individuals are usually required to file their income tax returns by the 31st of July whereas corporates covered under audit can file their returns by 31st September of the assessment year (unless extended by the government).
ITR Filing Last Date Extended for FY 2020-21 (AY 2021-22)
|Category of Taxpayer||Due Date for Tax Filing –|
|Due Date for Tax Filing-|
|Individual / HUF/ AOP/ BOI|
(books of accounts not required to be audited)
|31st December 2021|
(extended from 31st July)
|31st July 2022|
|Businesses (Requiring Audit)||15th February 2022|
(extended from 31st October 2021)
|31st October 2022|
|Businesses (Requiring TP Report)||28th Feb 2022|
(extended from 30th Nov 2021)
|30th November 2022|
What if you missed filing the return within the due date?
If the due date for filing the original return of income is missed, one can file a return later after the due date, called a belated return. The income tax department also specifies the due date of filing the belated return. If you missed the ITR filing on the due date then you have to pay penalties & interest on tax.
Also Read:- Online Income Tax Calculator AY 21-22
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Disclaimer:- Due date extended for Income Tax Return Filing (audited) as notified by CBDT.
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