January 14 2022

COVID-19 Pandemic: India Further Extends Various Compliance Deadlines

Source: IBFD Tax Research Platform News

The Central Board of Direct Taxes (CBDT) has extended the filing deadlines of certain tax returns and reports, including income tax returns for the assessment year (AY) 2021/22, in view of difficulties reported by taxpayers and stakeholders due to the COVID-19 crisis.

The extension applies to the following returns or reports:

  • income tax return for AY 2021/22:
    • due on 31 October 2021: extended further to 15 March 2022 (previously to 30 November 2021, then 15 February 2022); and
    • due on 30 November 2021: extended further to 15 March 2022 (previously to 31 December 2021, then 28 February 2022);
  • report of audit for the previous year (PY) 2020/21:
    • due on 30 September 2021, in the case of assessees referred to in clause (a) of Explanation 2 to section 139 (1) of the Income Tax Act (ITA): extended further to 15 February 2022 (previously to 31 October 2021, then 15 January 2022); and
    • due on 31 October 2021, in the case of assessees referred to in clause (aa) of Explanation 2 to section 139 (1) of the ITA: extended to 15 February 2022; and
  • report from an accountant for persons entering international transactions or specified domestic transactions for PY 2020/21 due on 31 October 2021: extended further to 15 February 2022 (previously to 30 November 2021, then to 31 January 2022).