The Central Board of Direct Taxes (CBDT) has extended the period for filing Income Tax Return (ITR Filing), giving huge relief to taxpayers. The CBDT said that for the FY 2020-21 (FY21) i.e. Assessment Year 2021-22 (AY22), the ITR filing time is being extended (Deadline Extension) so that people can avoid trouble during the Corona crisis.
New Delhi. The Central Board of Direct Taxes (CBDT) has given a major relief to taxpayers in view of the current situation caused by the second wave of corona virus epidemic. The CBDT said that taxpayers who have not yet been able to file income tax returns for the FY 2020-21 (FY21) i.e. Assessment Year 2021-22 (AY22), need not be bothered. Actually, the CBDT has extended the deadline for filing ITR for the financial year 2021 till 30 September 2021 (Deadline Extended). Please tell that till now the deadline was till 31 July 2021.
>> CBDT has extended the period for filing ITR for Tax Audit Assessee from 31 October 2021 to 30 November 2021.
>> The board has increased the deadline for submission of tax audit report from 30 September 2021 to 31 October 2021.
>> Central Board of Direct Taxes has now extended the period of filing delayed or revised income tax return to 31 January 2022 instead of 31 December 2021.
>> Along with this, the deadline for transfer of pricing study report has now been changed to 30 November 2021.
>> The duration of SFT has been extended from 31 May 2021 to 30 June 2021.
>> The last date to present a reportable account statement has been changed to 30 June 2021 instead of 31 May.
>> Deadline for submission of TDS statement for the fourth quarter of financial year 2020-21 ie March 2021 quarter It has been increased from May 2021 to 30 June 2021.
>> CBDT has also extended the period for issuing Form-16 for employees. Now it has been changed to 15 July 2021 instead of 15 June 2021.