Home Income Tax What is the Due Date for Income Tax Filing? For AY 2021-22

What is the Due Date for Income Tax Filing? For AY 2021-22

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Income Tax Filing

The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty. Earlier, the deadline was extended to September 30, 2021. Usually, the last date is July 31. It is important for all taxpayers to remember the due date of filing income tax returns. The due date varies on the basis of taxpayers. For instance, salaried individuals are usually required to file their income tax returns by the 31st of July whereas Corporates covered under audit can file their returns by 31st September of the assessment year.

Income Tax Filing

The government on September 9 extended the deadline till December 31 for filing of Income Tax returns by individuals for the financial year 2021 due to the pandemic and technical glitches in the Income Tax portal. The taxpayers filing their return beyond such due date will have to pay interest under section 234A and penalty under section 234F.

 
ITR Filing due date extension:
i) ITR filing by taxpayers not covered under audit is extended from 30th Sep 21 to 31st Dec 21
ii)  ITR filing for Tax audit cases is extended to 15th Feb 22 
iii)  ITR filing for transfer Pricing is extended to 28th feb 22
iv) ITR filing of Belated or Revised Return for Fy 20-21 is extended from 31st Dec 21 to 31st March 22
Furnishing Audit Report:
i) Due date to furnish the audit report is extended to 15th Jan 22
ii) Due date to furnish the audit report for transfer pricing cases is extended to 31st Jan 22

Income tax filing due dates for the FY 2020-21 (AY 2021-22)

Category of Taxpayer
Due Date for Tax Filing – FY 2020-21
Individual / HUF/ AOP/ BOI
(books of accounts not required to be audited)
31st December 2021
(extended from 31st July)
Businesses (Requiring Audit)
15th February 2022
(extended from 31st October 2021)
Businesses (Requiring TP Report)
28th Feb 2022
(extended from 30th Nov 2021)

What if you missed filing the return within the due date?

If the due date for filing the original return of income is missed, on can file a return later after the due date called a belated return for the FY 2019-20 on or before 31 March 2021. The due date of filing the belated return is also specified by the income tax department. This date is now reduced by 3 months to 31st December of the assessment year as against the previous due date of the end of the assessment year. Hence the due date for filing the belated return for FY 2020-21 would be 31st December 2021.

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