Extension of Due Date for ITR and Tax Audit Report for AY 2021-22
Extension of Due Date for ITR and Tax Audit Report for AY 2021-22
The Central Board of Direct Taxes, via Circular No. 01/2022 issued on January 11021, has extended the timeline for filing of Income Tax Returns and various Reports of Audit for the Assessment Year 2021-22 for a certain category of taxpayers. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and the difficulties faced by taxpayers and professionals. The current article briefs the extension so provided.
Synopsis of Notification
Considering difficulties the taxpayers and other stakeholders reported in filing Income Tax Returns and various Tax Audit Reports for the Assessment Year 2021-22, the CBDT extended the deadline for filing ITR to march 152022. The last date for filing the tax audit report has been extended to FeFebruary 152022.
Type of Compliance extended via the circular 01/2022 dated JaJanuary 112 is listed as follows:
ITR filing due to date extension:
- ITR filing for tax audit cases is extended to FebrFebruary 15ITR filing for transfer pricing is extended to FebruaFebruary 28R filing of belated or revised return for FY 20-21 is extended from DecemberDecember 31arch 31 2March 31hing Audit Report:
- The due date to furnish the audit report is extended to January 15 2January 15date to furnish the audit report for transfer pricing cases is extended to January 31 202January 31or Furnishing Income Tax Return (ITR)
The revised due date for furnishing the Income Tax Return (ITR) for AY 2021-22 is explained in detail below:
ITR for Audit Cases for AY 2021-2022 and Companies
CBDT now announced that the due date of furnishing of Return of Income for the Assessment Year 2021-22 is extended to March 15 2022. TMarch 15 due date is 15th February 2022 under sub-section (1) of section 139 of the Act.
ITR for TP Cases for AY 2021-2022
The due date of furnishing of Return of Income for the Assessment Year 2021-2022, which is November 30 2021 uNovember 30ion (1) of section 139 of the Act is further extended to March 15, 2022 ITR fMarch 15s for AY 2021-22 was earlier extended to February 28 2022 vide February 28/2021 dated 20.05.2021,
Due Date for Filing of Tax Audit Reports
The due date of furnishing of Report of Audit under any provision of the Income Tax Act for the Previous Year 2020-21, which is September 30 2021 is herSeptember 30tended to January 15 2022.
The due dJanuary 15shing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was October 31 2021, in the caseOctober 31s referred in clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act, is hereby extended to February 15, 2022.
Due Date ofFebruary 15eport from an Accountant
The due date of furnishing Report from an Accountant by persons entering into an international transaction or specified domestic transaction under section 92E of the Income-tax Act for the Previous Year 2020-21 is further extended to February 15 2022.
The due date oFebruary 15Report from an Accountant earlier extended to January 31 2022 vide circular 17/2January 31ptember 9 2021.
CBDT ClarificationSeptember 9 Extension
In the above Circulars, the CBDT has clarified that the extension of due dates for filing of Income Tax Return shall not affect the provisions under Explanation 1 to section 234A (Interest for default in furnishing ITR) if the amount of tax payable exceeds Rs. 1 lakh.
Further, it has been clarified that in the case of a resident individual referred to in section 207(2), i.e. senior citizen not having any income from business or profession, the tax paid by him u/s 140A within the original due date (without extension), shall be deemed to be the advance tax.
Refer to the following table for the understanding of the Extension of Due Date for ITR and Tax Audit Report for AY 2021-22
| Compliances Requirement | Extended Due Date |
| Furnishing of Report of Audit for FY 2021-22 | February 15 2022 |
| Furnishing of Report February 15ntant | February 15 2022 |
| Furnishing of Return ofFebruary 15Y 2021-22 | March 15 2022 |
This comes as a relief to coMarch 15 entities whose accounts need to be audited, but the announcement does not change the equation for salaried taxpayers. The ITR filing due date of December 31, 2021, for salaried taxpayers orDecember 31do not need auditing remains unchanged.
The official notification pertaining to the Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 is attached here for reference:
circular-no-1-2022Extension of Due Date for ITR and Tax Audit Report for AY 2022-23
The Central Board of Direct Taxes (CBDT) has notified the extension of the due date for furnishing the return of income for the Assessment Year 2022–23 to November 7, 2022, for certain categories of November 7e whose due date is 31/10/2022 in consequence of the extension of due dates for filing various reports of an audit.
Earlier CBDT had extended the due date for filing Audit Reports in respect of AY 2022-23, from 30/09/2022 to 07/10/2022.
