January 2022
CBDT further extends time limit to furnish return of income and audit reports for AY 2021–22
The Central Board of Direct Taxes (CBDT) has issued a circular1(new circular) for further extension of time limit to furnish return of income and various audit reports for assessment year (AY) 2021–22. This is in view of the difficulties faced by taxpayers due to the COVID-19 pandemic and in electronic filing of various audit reports on the new income-tax e-filing portal.
The CBDT had earlier provided relaxation of timelines for various compliances specified under the
Income-tax Act, 1961 (the Act) for AY 2021–22 vide circulars dated 20 May 20212and 9 September 20213 (old circulars), respectively.
The extended time limits of various compliances for AY 2021–22 are tabulated below.
Compliances Due date Extended due
date as per old circulars
Extended due date as per new circular
For taxpayers not required to furnish transfer pricing (TP) audit report Tax audit report under section 44AB of the
Act or any other audit report 30 September
2021 15 January 2022 15 February
2022 Filing of return of income for
(a) corporate taxpayers;
(b) other taxpayers (including partners of firms) where audit required
31 October 2021 15 February
2022 15 March 2022
For taxpayers required to furnish TP audit report Tax audit report under section 44AB of the
Act or any other audit report 31 October 2021 31 January 20224 15 February 2022 TP audit report under section 92E of the Act 31 October 2021 31 January 2022 15 February
2022 Filing of return of income for
(a) corporate taxpayers;
(b) other taxpayers (including partners of firms)
30 November
2021 28 February
2022 15 March 2022
Note:
1. Although the due date for filing the return of income for AY 2021–22 is extended, taxpayers having a self-assessment tax liability exceeding INR100,000 will be liable to pay interest under section 234A of
the Act from the expiry of the original due dates.
2. For computation of interest under section 234A of the Act in case of a specified resident individual5, the self-assessment tax paid by him within the original due date (without any extensions as provided from time-to-time) shall be deemed to be the advance tax.
1CBDT Circular No. 1/2022 dated 11 January 2022
2CBDT Circular No. 9/2021 dated 20 May 2021
3CBDT Circular No. 17/2021 dated 9 September 2021
4As per tax calendar appearing on the income-tax website
5An individual resident in India who is aged 60 years or more at any time during the previous year and does not have any income chargeable under the head ‘profits and gains of business or profession’.
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