3rd extension for corporates to file ITR
CBDT extends deadlines for FY21 I-T return till Mar 15, tax audit report till Feb 15
Centre releases Rs 95,082 cr to states as tax devolution
New Delhi: The government on Tuesday extended the deadline for corporates to file Income-Tax Returns (ITR) for the fiscal ended March 2021, till March 15, 2022. The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15. This is the third extension given to corporates for filing the income tax return for 2020-21 fiscal. The original deadline for filing ITR for corporates was October 31, and those with transfer pricing transactions was November 30.
The Central Board of Direct Taxes (CBDT) in a statement said that on consideration of difficulties reported by the taxpayers and other stakeholders due to Covid and in electronic filing of various reports of audit, it has decided to further extend the due dates for filing of Income-Tax Returns and various reports of audit for the Assessment Year 2021-22 (2020-21 fiscal).
The extended deadline for filing ITR for corporates is now March 15, and the tax audit report is February 15, 2022. The last date for filing 2020-21 ITRs without penalty for individual taxpayers ended on December 31, 2021, and nearly 5.89 crore ITR was filed by the due date.
Nangia & Co LLP Partner Shailesh Kumar said considering the difficulty of taxpayers in light of the fresh surge of Covid cases in the country and also technical glitches being faced in filing Tax Audit Report and other compliances related to filing ITR.
