FinancialGovernment ReliefsNews & UpdatesSummary of relaxations under Income Tax

CBDT further extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22
Circular No. 17/2021, Press Release Dated 09th September 2021  
Particulars Original Due Date First Extension

(Circular No. 09/2021, Dated 20th May 2021)

Second Extension

(Circular No. 17/2021, Dated 09th September 2021)

Income Tax Return (ITR)

 

 
Original ITR

 

–  Non-Tax Audit/Non-TP Case

 

–  Tax Audit/Non-TP Case

 

–  TP Case

 

 

31st July 2021

 

31st October 2021

 

30th November, 2021

 

 

30th September 2021

 

30th November 2021

 

31st December, 2021

 

 

31st December 2021

 

15th February 2022

 

28th February 2022

Belated/Revised ITR for AY

 

2021-22 (FY 2020-21)

31st December, 2021 31st January 2022 31st March 2022
Audit Report by CA-

 

-Tax Audit

 

-TP Certification/Audit u/s 92E

 

 

30th September 2021

 

31st October 2021

 

 

31st October 2021

 

30th November 2021

 

 

15th January 2022

 

31st January 2022

Though the due date for filing of Income-tax Return for the Assessment Year 2021-22 has been extended, no relief shall be provided from the interest chargeable under section 234A if the tax liability exceeds Rs. 1 lakh. Thus, if the self-assessment tax liability of a taxpayer exceeds Rs. 1 lakh, the assessee would be liable to pay interest under section 234A from the expiry of original due dates, i.e., 31-07-2021 or 31-10-2021 or 30-11-2021. The interest under section 234A shall not be levied if the self-assessment tax liability of the taxpayer does not exceed Rs. 1 lakh and ITR if filed within the extended due date.

Further, in case of senior citizen having no PGBP Income, all taxes paid upto 31st July will be deemed as Advance Tax.

 
Further, we shall be happy to assist in case of any clarifications. For a deeper discussion, feel free to revert us at services@knmindia.com  
 
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responsibility for loss arising from any action taken or not taken by anyone using this publication.

 

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