Authorities has prolonged the deadline for submitting revenue tax returns to March 15, in line with a notification issued by the division of income of the finance ministry.
The final date for submitting returns was December 31, 2021.
The revenue tax division additionally tweeted in regards to the extension of return submitting deadline.
On consideration of difficulties reported by taxpayers/stakeholders as a consequence of Covid & in e-filing of Audit experiences for AY 2021-22 beneath the IT Act, 1961, CBDT additional extends due dates for submitting of Audit experiences & ITRs for AY 21-22. Round No. 01/2022 dated 11.01.2022 issued. pic.twitter.com/2Ggata8Bq3
— Revenue Tax India (@IncomeTaxIndia) January 11, 2022
The deadline has been prolonged as a consequence of difficulties being confronted by the taxpayers due to the prevailing Coronavirus state of affairs, the notification stated, including that it has additionally been finished as a consequence of issues being confronted whereas e-filing of varied audit experiences beneath the provisions of the Revenue Tax Act 1961.
“The due date for furnishing of Return of Revenue for the Evaluation 12 months 2021-22, which was thirtieth November 2021 beneath sub-section (1) of part 139 of the Act, as prolonged to thirty first December 2021 and twenty eighth February 2022… is additional prolonged to fifteenth March, 2022,” the notification issued by the finance ministry stated.
Other than Revenue Tax Returns, the due date for submitting of varied audit experiences has additionally been prolonged by the Ministry of Finance’s Central Board of Direct Taxes. The brand new deadline is February 15, 2022.
Along with this, the federal government has additionally prolonged the deadline for submitting varied audit experiences. These can now be filed until February 15, 2022.
Curiously the extension of deadline has come after Income secretary Tarun Bajaj had stated on December 31, 2021 that there was no proposal to increase the revenue tax return submitting deadline any additional.
Authorities earlier had already prolonged the return submitting deadline from the unique July 31, 2021 to December 31, 2021.
Although crores of returns have been filed, taxpayers have confronted technical issues because of the new e-filing portal of the revenue tax division, which additionally pressured finance minister Nirmala Sitharaman to intervene within the matter and take it up with the positioning’s vendor Infosys.