Saturday, September 25, 2021

ITR filing deadline for FY20-21 extended to December 31, 2021

The government on Thursday extended the deadline to file income tax return (ITR) for FY 2020-21 for most individuals from the earlier deadline of September 30, 2021, to December 31, 2021. The extension of the deadline is for those individuals whose accounts are not required to be audited and who usually file their income tax return using ITR-1 or ITR-4 forms, as applicable.

In a statement, the Finance Ministry said that the decision has been on consideration of difficulties reported by the taxpayers and other stakeholders in filing of income tax return and various reports of audit for the Assessment Year 2021-22 under the Income Tax Act, 1961.
The income tax return (ITR) filing deadline for FY 2020-21 for individuals has already been extended, from the normal deadline of July 31, 2021. However, the new income tax 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.

Last year too, the government has extended the due date of filing ITR for individuals four times – first from July 31 to November 30, 2020, then to December 31, 2020, and finally to January 10, 2021.

No comments:

Post a Comment

Court Imposes Rs. 10,000/- Cost For Filing Affidavit WithoutDeponent's Signature, DirectsRemoval Of OathCommissioner For Fraud:Allahabad High Court

Allahabad Hon'ble High Court (Case: CRIMINAL MISC. BAIL APPLICATION No. 2835 of 2024) has taken strict action against an Oath Commission...