Is Itr Due Date Extended. The extended deadline for filing itr by individuals ends on december 31. However, because of the delay in resolving the errors and glitches faced by the taxpayers on the new portal, the cbdt provided a further extension on the last date to file returns of income tax vide a circular dated may 20, 2021.
As we are all aware that the newly launched income tax portal is facing many technical glitches and the honourable finance minister had earlier asked infosys to update the portal by 15 th september 2021, an extension in the deadline of filing income tax returns was already. The deadline for filing itrs is usually july 31, but was extended to december 31 this year in view of the pandemic. Assessment year (ay) refers to the year following the financial year (fy) in which income earned by you is assessed.
Itr Filing Due Date Extended, But There Is A Catch.
Generally, taxpayers are required to file itr by july 31 of any year (unless extended by the government). Due date of filing income tax return for a.y. Earlier the itr filing due dates have been extended, vide circulars 9/2021 dt.
However, The Extension Is Applicable Only To Specific Categories Of Taxpayers.
It must be noted that the due date for filing the itr is december. The income tax department has announced a due date extension for itr filing. This year, the central board of direct taxes (cbdt) had extended the last date for filing itr to december 31 in view of the coronavirus pandemic.
Reports On Itrs And Audits Cbdt Has Extended The Deadline To January 11, 2022.
Earlier, the government had extended the itr due date twice. Consequentially, the due date of filing itr in the above cases has also been extended to 15 th march 2022. The extended deadline for filing itr by individuals ends on december 31.
Assessment Year (Ay) Refers To The Year Following The Financial Year (Fy) In Which Income Earned By You Is Assessed.
If you fail to file the itr by the due date, you can. Revenue secretary tarun bajaj said the deadline stands. Itr filing due date extended.
The Income Tax Return Due Date Was Extended Primarily For Electronic Itr Forms And Those Returns That Didn’t Require Any Audit.
The central government on friday ruled out the possibility of extending the deadline to file income tax returns (itrs) beyond december 31, 2021. The due date is the date by which itr can be filed without paying any late fees. Now again, there is a major extension by the income tax department circular dated 9th september 2021.
