11 September 2021

AY 2021-22: Revised Extended Tax Return Filing Timelines

Pursuant to the launch of E-Filing Portal 2.0, technical glitches have been faced by the taxpayers. Initially, the Central Board of Direct Taxes (CBDT) had extended the timelines for filing income tax returns and various audit reports due for the previous year relevant to the assessment year 2021-22, vide Circular No. 09 of 2021 dated 20 May 2021¹. Recently, the CBDT has again extended such timelines, vide Circular No. 17 of 2021 dated 9 September 2021.

Revised Due Dates for filing income tax returns and audit reports due for FY 2020-21 (AY 2021-22) are as follows:-

Compliance	Original Due date	Extended due date	Revised Extended due date
Income Tax returns in Non-Corporate/Non-Tax Audit/ Non-Transfer Pricing cases	31 July 2021	30 September 2021	31 December 2021
Filing of Tax Audit Report (Form 3CA-3CD and 3CB-3CD)	30 September 2021	31 October 2021	15 January 2022
Filing of Transfer Pricing Report (Form 3CEB)	31 October 2021	30 November 2021	31 January 2022
Income tax returns where Tax Audit is applicable	31 October 2021	30 November 2021	15 February 2022
Income tax return where Transfer Pricing Report is filed	30 November 2021	31 December 2021	28 February 2022
Belated/Revised Income Tax Returns	31 December 2021	31 January 2022	31 March 2022

The circular also clarifies:-

Applicability of interest for delay in filing of the tax return only if the shortfall in net tax payable (i.e., subsequent to taking credit of prepaid taxes, foreign tax credit, etc.) exceeds INR 0.1 million;
Self-assessment tax paid by a senior citizen within the original due date of 31 July 2021 will be deemed to be advance tax.

¹Refer SKP Tax Alert dated 24 May 2021 https://www.suditkparekh.com/sudit_k_parekh_co_llp_tax_alert_24_May_2021.html

Our Comments
Above suo-moto timely relaxations by the CBDT is a welcome move for the taxpayers, who could plan their resources towards statutory compliances effectively and efficiently as the industry continues to emerge from the repercussions of COVID-19.

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