ITR filing deadline for FY20-21 may have to be extended beyond Sept 30, 2021

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Sonali Maity | Aug 29, 2021 | Views 507971

ITR filing deadline for FY20-21 may have to be extended beyond Sept 30, 2021

ITR filing deadline for FY20-21 may have to be extended beyond Sept 30, 2021

The deadline for individuals to file an income tax return (ITR) for F.Y year 2020-2021 has been extended from the July 31st, 2021 deadline to September 30th, 2021. However, on the new Income Tax Portal, there are Malfunctions and other problems from the very beginning. Finance Minister Nirmala Sitharaman has asked Infosys to resolve all issues by September 15. However, this means that a person only has 15 days to submit an ITR before the due date, and a new and unfamiliar system is found to be challenging even for experienced chartered accountants. Many Chartered Accountants are also saying that in view of the status of the Income-tax filing portal, the deadline should be extended. Therefore, it seems likely that the deadline for ITR submissions due date will be extended.

Note that last year the government also extended the deadline for individuals to file ITR four times: the first time was from July 31 to November 30, 2020, then to December 31, 2020, and finally January 10, 2021.

Studycafe had word with Chartered Accountant Pratibha Goyal Partner of a Delhi-based Chartered Accountancy Firm she says: The deadline for ITR filing for individuals and entities Other than companies who do not need to get their accounts audited, is September 30, 2021. This should definitely be extended, as the new income tax portal still has many bugs in the last two and a half months. The response time of the portal is very slow. Also, the website has stopped supporting the loading of the 10 IE form, which is important for those who choose to be taxed under the new tax system governed by Section 115BAC of the Act. These flaws have not been resolved. We professionals, do not want to extend the filing date of tax returns over and over again, as this will increase our problems.

Additionally, considering the significant/multiple issues of the income tax portal that the government, income tax portal providers, and all stakeholders have witnessed, the only option left is to extend all deadlines in advance while ensures that faults are resolved quickly. This will lead to better compliance and restore trust in professionals and taxpayers.

Since the introduction of the new Income tax website, has had many technical problems, so taxpayers cannot submit income tax returns. The portal was unavailable for two days, August 21st and 22nd. In addition, the income tax portal is very slow and there are a lot of glitches on the Income tax website. Due to a technical glitch in the new income tax website, the income tax department may have to extend the deadline for filing income tax returns beyond September 2021. “

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