News Headlines, English News, Today Headlines, Top Stories | Arth Parkash

The Ministry of Finance announced on Tuesday that the deadline for filing income tax returns for the assessment year 2021-22 had been extended "on consideration of difficulties reported by taxpayers and stakeholders due to Covid and in electronic filing of various reports," according to a circular issued on Tuesday.

The circular says, "The due date for furnishing of Return of Income for the Assessment Year 2021-22, which was 30th November 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December 2021 and 28th February 2022... is further extended to 15th March, 2022."

Many individuals and chartered accountants had requested an extension of the due date due to problems with the new income tax filing system in the weeks leading up to the December 31 deadline for filing income tax reports.

The Central Board of Direct Taxes of the Ministry of Finance has extended the deadlines for filing several audit reports, in addition to Income Tax Returns. On February 15, 2022, a new deadline will be set.

The circular reads, "The due date of furnishing of Report of Audit under any provision of the Income Tax Act for the previous year 2020-21, which was 30th September, 2021... as extended to 31st October, 2021 and 15th January, 2022... is further extended to 15th February, 2022."