Profits Tax Return filing decrease-off date for AY 2021-22 extended to March 15: Finance Ministry

The central executive has extended the decrease-off date for filing the earnings tax returns for the AY 2021-22 to March 15, 2022, as per the most up to date notification issued on Tuesday. Prior to this, the prick-off date to file the earnings tax returns used to be December 31, 2021.The Ministry of Finance, in a round issued on Tuesday, said that the decrease-off date for the earnings tax returns filing for the evaluate 12 months 2021-22 has been extended to March 15 in look of the difficulties faced by taxpayers in the electronic filing of assorted experiences.Within the official round, it’s talked about that the decrease-off date has been extended “on consideration of difficulties reported by taxpayers and stakeholders due to the Covid and in electronic filing of assorted experiences”.

On consideration of difficulties reported by taxpayers/stakeholders due to the Covid & in e-filing of Audit experiences for AY 2021-22 below the IT Act, 1961, CBDT extra extends due dates for filing of Audit experiences & ITRs for AY 21-22. Spherical No. 01/2022 dated 11.01.2022 issued. pic.twitter.com/2Ggata8Bq3— Profits Tax India (@IncomeTaxIndia) January 11, 2022

The Finance Ministry note extra states, “The due date of furnishing of Return of Profits for the Evaluation 12 months 2021-22, which used to be 30th November 2021 below sub-part (1) of part 139 of the Act, as extended to 31st December 2021 and 28th February 2022 by Spherical No.9/2021 dated 20.05.2021 and Spherical No.17/2021 dated 09.09.2021 respectively, is extra extended to 15th March 2022.”The sooner decrease-off date effect of living for the a similar used to be December 31, 2021, however many taxpayers and chartered accountants have requested the Profits Tax department to prolong the decrease-off date as many were experiencing system defects on the unique tax filing portal.Other than the extension of the Profits Tax Submitting decrease-off date, the prick-off date for filing different audit experiences has also been extended by the Central Board of Divulge Taxes. The unique due date for the a similar has been effect of living as February 15, 2022.The round states, “The due date of furnishing of File of Audit below any provision of the Profits Tax Act for the previous 12 months 2020-21, which used to be 30th September 2021… as extended to 31st October 2021 and 15th January 2022… is extra extended to 15th February 2022.”