Income Tax

ITR Filing Deadline for the F.Y. 2020-2021 Extended

The Government of India extended deadline for ITR Filing from September 30, 2021, to December 31, 2021, for F.Y. 2020-2021.

As per the press release issued by Central Board of Direct Taxes today, “The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September 2021 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December 2021.”

Along with this, the government has extended the deadline to file belated and/or revised ITR by two months from January 31, 2022, to March 31, 2022. “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.”

The Government taken this step because of constraints being faced by the taxpayers due to the glitches in the new income tax portal, the government of India extended ITR filing date by three months from September 30, 2021. Many representatives from various stakeholders complained against technical issues while filing ITR forms.

As per the income tax law, for individuals whose accounts are not required to audit and who usually file their income tax return using ITR-1 or ITR-4 forms as applicable the deadline to file ITR is now December 31, 2021.

This is the second time Government of India extended (ITR) filing deadline for FY 2020-21 for individuals to December 31, 2021, from the normal deadline of July 31, 2021. However, the new income tax e-filing portal has been marred by glitches and other problems from inception. Finance minister Nirmala Sitharaman has given Infosys, the company which set up the new income tax portal, time till September 15, 2021, to fix all the problems.

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