On the note of troubles faced by the taxpayers and different stakeholders while filing of Income Tax Returns including multiple reports of audit for Assessment Year 2021 – 22 behalf the Income-tax Act, 1961(‘the Act’), Central Board of Direct Taxes (CBDT) has come up with the result to expand the last dates for filing of ITR and several reports of audit for the Assessment Year 2021-22.
Here are the Circumstances below –
- The last date for the embellishment of Return of Income for the Assessment Year 2021 – 22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September 2021 vide Circular No.9/2021 dated 20.05.2021, have been furthermore stretched to 31st December 2021
- The end date for the embellishment of the Report of Audit lies under amenities of the Act for the previous Year 2020 – 21, which is 30th September 2021, as moved to 31st October 2021 vide Circular No.9/2021 dated 20.05.2021, has furthermore shifted to 31st January 2022
- The last date for the embellishment Report from an Accountant by the individual stepping into an international transaction or defined domestic transaction under section 92E from the last year 2020 – 21, which is 31st October 2021, as expanded to 30th November 2021 vide Circular No. 9/2021 dated 20.05.2021, has forwarded up to 31st January 2022
- The last date for the embellishment for the Return of Income for the Assessment Year 2021 -22, which is 31st October 2021 under sub-section (1) of section 139 of the Act, as forwarded till 30th November 2021 vide Circular No. 9/2021 dated 20.05. 2021 has been forwarded up to 15th February 2022
- The end date for the provision of Return of Income for the Assessment Year 2021 -22, which was 30th November 2021 under sub-section (1) of section 139 of the act has been stretched till 31st December 2021 vide Circular No. 9/ 2021 dated 20.05. 2021, is furthermore expanded till 28th February 2022
- The last date for the embellishment of belated/revised income tax return for the Assessment year 2021 – 22, which was 31st December 2021 under subsection (4) /subsection (5) of section 139 of the Act, has expanded till 31st January 2022, vide – Circular No. 9/ 2021 dated 20.05.2021, has been furthermore stretched up to 31st March 2022
It has been notified that the provision for the following dates as mentioned in clauses (9), (12), and (13) of Circular No. 9/ 2021 is dated 20.05. 2021 and in the clauses (1), (4), and (5) showcased over will not be applicable for clarification 1 to section 234A of the Act, in terms when the sum of tax of all income as lowers by the sum as identified in clauses (i) to (vi) of subsection (1) for that section enhanced rupees one lakh.
Although, in terms when any particular resident in India is referred to in sub-section (2) of section 207 of the Act, the Tax shall be paid by him below section 140A of the Act including the last date (without provision under Circular No. 9/2021 dated 20.05. 2021 and as above) claimed inside the Act, will be considered to be the advance tax.
Latest Update About New e-Filing Portal
e-Filing portal from the Income Tax Department (www.incometax.gov.in) has introduced on 7th June 2021 where the taxpayers and executives face trouble in the portal afterwards. Since then, The Ministry of Finance keep its eyes and continuously evaluated to resolve the troubles with Infosys Ltd who is Managed Service Provider for the same. Soon after the formation, multiple troubleshoot have been regularly being done.
So, as a result over 8.83 crores stepped into it till 7th September 2021, with an approx over 15.55 lakh in September 2021. The Income Tax Return (ITR) filing has enhanced to 3.2 lakh regularly in September 2021 and 1.19 crore ITRs for AY 2021 -22 have been filed. As an outcome of over 76.2 lakh, taxpayers have stepped into the online utility of the portal to Return File. It is amazing to notice that over 94.88 lakh ITR have also been e- verified, which is important in terms of processing by the Centralized Processing Center. For this, 7.07 lakh ITRs into the procedure.
Moreover, Taxpayers can get to see over 8.74 lakh Notices delivered from the department under the faceless Assessment / Appeal/ Penalty proceedings under which over 2.61 lakh feedbacks have been filed. On an approx of 8, 285 Notices of e – proceedings have been delivered including 5, 889 responses are being filed in September, on a regular basis.
