Know which Due Dates have been extended by CBDT

Know which Due Dates have been extended by CBDT As of now, 3 Extensions have been granted to the Taxpayer by CBDT for filing Income Tax Return [ITR],…

CA Deepak Gupta

Jan 12, 2022

Last update on Jan 12, 2022

Know which Due Dates have been extended by CBDT As of now, 3 Extensions have been granted to the Taxpayer by CBDT for filing Income Tax Return [ITR], Tax Audit Report [TAR], and Other reports required to be filed under Income Tax Act. These extensions were given due to Income Tax Portal Glitches and the spread of the Omicron virus. The latest extensions were given on 11th January 2022. Extension Circular 1 dated 20.05.2021 Extension Circular 2 dated 09.09.2021 Extension Circular 3 dated 11.01.2022 The Extensions were as follows:

Furnishing Tax Audit Report

Original Due Date: 30.09.2021
First Extension: 31.10.2021
Second Extension: 15.01.2022
Third Extension: 15.02.2022

Furnishing Transfer Pricing Audit Report

Original Due Date: 31.10.2021
First Extension: 30.11.2021
Second Extension: 31.01.2022
Third Extension: 15.02.2022

Filing ITR for Non-audit Cases

Original Due Date: 31.07.2021
First Extension: 30.09.2021
Second Extension: 31.12.2021
No Further Extension has been Granted

Filing ITR for a Company, Other than Company where Audit is applicable or partner of a firm whose accounts are required to be audited

Original Due Date: 31.10.2021
First Extension: 30.11.2021
Second Extension: 15.02.2022
Third Extension: 15.03.2022

Filing ITR in cases where Transfer Pricing is applicable

Original Due Date: 30.11.2021
First Extension: 31.12.2021
Second Extension: 28.02.2022
Third Extension: 15.03.2022

Filing Belated/Revised ITR

Original Due Date: 31.12.2021
First Extension: 31.01.2022
Second Extension: 31.03.2022

Please note that although due dates for filing ITR have been extended, interest u/s 234A is applicable where Tax Payable is more than Rs. 100,000. Please further note that, in case of a belated return, Late fees is applicable and you are not allowed to carry forward your losses.

Income Tax Return Late Fees:

If Income is Upto Rs. 5 L: Rs. 1000 [Section 234F]
If Income is More than Rs. 5 L: Rs. 5000 [Section 234F]
No Late Fees if Taxpayer was not required to file ITR. [Section 234F is applicable on Taxpayers who were liable to File Return under Section 139]

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.