Extension of Due Date for ITR and Tax Audit Report for AY 2021-22

In consideration of difficulties reported by the taxpayers and other stakeholders in the filing of Income Tax Returns and various Tax Audit Reports for the Assessment Year 2021-22, the Central Board of Direct Taxes has announced the Extension of the AY 2021-22 Due Date for ITR and Tax Audit Report for AY 2021-22.CBDT extended the deadline for filing ITR for FY 2020-21 to December 31, 2021. This is the second time the ITR filing deadline has been extended. The current article briefs the income tax return due date for AY 2021-22 extended notification and the Tax audit report.

Synopsis of Income tax return Due Date for AY 2021-22 Extended Notification:

In the Income tax return due date for AY 2021-22 extended notification, Type of Compliance extended via the circular 17/2021 dated 9th September 2021 is listed as follows:

Income Tax Return (Assessee not subject to Audit): Under section 139(1) of the Income Tax Act, 1961
Income Tax Return (Assessee subject to Audit): Under section 139(1) of the Income Tax Act, 1961
Income Tax Return (Assessee subject to Transfer Pricing Report): under section 139(1) of the Income Tax Act, 1961
Tax Audit Report: under any Provision/ Section of the Income Tax Act, 1961
Transfer Pricing Report: under section 92E of the Income Tax Act, 1961
Belated/ Revised Income Tax Return: u/s 139(4)/ 139(5) of the Income Tax Act, 1961

AY 2021-22 Due Date for Furnishing Income Tax Return (ITR)

The revised and extended due date for filing ITR for AY 2021 22 is explained in detail below:

ITR for AY 2021-22 (Non-Audit Cases)

CBDT announced that the due date for furnishing return of income tax return (ITR) for the AY 2021-22 is further extended to 31st December 2021. The due date for filing ITR for AY 2021-22 extension is applicable for non-audit cases by salaried and other Individuals, HUF, firms, and other persons other than a company, where the due date as per section 139(1) is 31st July 2021 and which was earlier extended to 30th September 2021

ITR for Audit Cases for AY 2021-22 and Companies

CBDT now announced that the due date of furnishing of Return of Income for the Assessment Year 2021-22 is extended to 15th February 2022. The earlier due date is as follows which is 31st October 2021 under sub-section (1) of section 139 of the Act, as extended to 30th November 2021 vide Circular No.9/2021 dated 20.05.2021,

ITR for TP Cases for AY 2021-22

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 30th November 2021 under sub-section (1) of section 139 of the Act is further extended to 28th February 2022. ITR for TP Cases for AY 2021-22 was earlier extended to 31st December 2021 vide Circular No.9/2021 dated 20.05.2021,

Due date of furnishing of belated/Revised Return of Income

The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31st December 2021 under sub-section (4)/sub-section (5) of section 139 of the Act, as extended to 31st January 2022, vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st March 2022;

Due Date for Filing of Tax Audit Reports

The due date of furnishing of Report of Audit under any provision of the Income Tax Act for the Previous Year 2020-21, which is 30th September 2021, as extended to 31 st October 2021 vide Circular NO.9/2021 dated 20.05.2021, is hereby further extended to 15th January 2022

Due Date of furnishing Report from an Accountant

The due date of furnishing Report from an Accountant by persons entering into an international transaction or specified domestic transaction under section 92E of the Income-tax Act for the Previous Year 2020-21 is further extended to 31st January 2022. The due date of furnishing Report from an Accountant earlier extended to 30th November 2021 vide Circular No.9/2021 dated 20.05.2021,

CBDT Clarification ITR Due date Extension

In the above Circulars, the CBDT has clarified that the extension of due dates for filing of Income Tax Return shall not affect the provisions under Explanation 1 to section 234A (Interest for default in furnishing ITR) if the amount of tax payable exceeds Rs. 1 lakh. Further, it has been clarified that in the case of a resident individual referred to in section 207(2), i.e. senior citizen not having any income from business or profession, the tax paid by him u/s 140A within the original due date (without extension), shall be deemed to be the advance tax. Refer to the following table for the understanding of the Extension of Due Date for ITR and Tax Audit Report for AY 2021-22

Compliances	Normal Due Date	Extended Due Date	Extended Due Date
Compliances	As per section 139(1) and Others	1st Extension Circular No. 9/2021 dated 20.05.2021	2nd Extension Circular No. 17/2021 dated 09.09.2021
ITR for AY 2021-22 (Non-Audit Cases)	31-07-2021	30-09-2021	31-12-2021
Tax Audit Report in Form 3CA-3CD/3CB-3CD	30-09-2021	31-10-2021	15-01-2022
Tax Audit Report in Form 3CEB u/s 92E	31-10-2021	30-11-2021	31-01-2022
ITR for Audit Cases for AY 2021-22 and Companies	31-10-2021	30-11-2021	15-02-2022
ITR for TP Cases for AY 2021-22	30-11-2021	31-12-2021	28-02-2022
Belated/Revised Return for AY 2021-22	31-12-2021	31-1-2022	31-03-2022

Click here to know more about the Extension of the AY 2021-22 ITR last date and the Tax Audit Report for AY 2021-22 Points to Consider:

The AY 21-22 ITR due date was announced to ensure all taxpayers could complete their returns on time.
Taxpayers were advised to submit their returns before the ITR filing due date for AY 2021-22 to avoid penalties.
The government set the due date for AY 2021-22 to provide ample time for tax filing.
The extended due date of filing ITR for AY 2021-22 gave taxpayers extra time to complete their returns.
Charitable organizations were required to submit Form 10B before the specified due date for AY 2021-22.
Taxpayers were reminded to file their returns by the AY 21-22 ITR last date to avoid late fees.