Finance

Due Dates for Tax Return Filing, Audit in India for FY 2020-21

Since the outbreak of COVID-19 pandemic in India, there has been relief granted by Central Board of Direct Taxes (CBDT) in terms of relaxation of compliance, reduction in tax rates as well as extension of various due dates relating to Income Tax Return filing in India as well as uploading of various audit reports on the tax department portal. 

In continuation of same, CBDT has extended various compliance dates for FY 2020-21 as well. Same has been mentioned as under:

1)      Due date for issuance of Form 16 by Companies has been extended from 15th June 2021 to 15th July 2021.

 2)      Due date for ITR filing in case of individual and HUF taxpayers have been extended from 31st July to 30th September 2021 and again to 31st December 2021.

 3)      Due date for furnishing tax audit report by those assessees on which transfer pricing provisions are not applicable has been extended from 30th September 2021 to 31st October 2021 and now again extended up to 31st January 2022.

 4)      Due date for filing Income Tax Return by companies not having any transfer pricing transaction has been extended from 31st October 2021 to 30th November 2021 and now again to 15th February 2022.

 5)      Due date for filing Transfer Pricing Audit report for FY 2020-21 has been extended from 31st October 2021 to 30th November 2021 and now again to 15th February 2022.

 6)      Due date for tax return filing for assesses subject to audit but on which no transfer pricing provisions are applicable has been extended from October 2021 to December 2021.

 7)      Due date for filing ITR for assessees subject to audit as well as on which transfer pricing provisions are applicable has been extended from 30th November 2021 to

 8)      Due date for filing belated Income Tax return and revised return for FY 2020-21 has been extended from 31st December 2021 to 31st March 2022.

 9)      Due date for ITR filing in case of assessee on whom transfer pricing provisions are applicable has been extended from 31st December 2021 to 28th February 2022.

 10)  Due date for completion of penalty proceedings under the Income Tax Act has been extended from 30th September 2021 to 31st March 2022.

 11)  Due date for manual filing of form 15CA and 15CB has been extended from 15th July 2021 to 15th August 2021. Authorized dealers haven been instructed to accept the manual form 15CA and 15CB till 15th August 2021.

 12)  Last date for linking of Aadhar with PAN has been extended from 30th June 2021 to 30th September 2021 and now to 31st March 2022.

 13)  Other Extensions in Due Dates are as under:

 a)      Due date for Income TaxFiling in response to notice issued u/s 148 has been extended from 1st April 2021 to time allowed under the notice or 31st May 2021whichever is later.

 b)      Due date of filing belated return u/s 139(4) and revised return u/s 139 (5) for FY 2019-20 has been extended from 31st March 2021 to 31st May 2021.

 c)      Appeal to first appellate authority ie CIT-A for which the due date of filing under that Section is April 1, 2021 or thereafter, may be filed within the time provided under that Section or by May 31, 2021, whichever is later.

 d)     Due date of submission of Statement in Form No. 61 has been extended from 30th April 2021 to 31st May 2021.

 e)      Due date for filing objections to DRP u/s 144C of the Act, for which the due date was 1st April, 2021 or thereafter, may be filed within the time provided under that Section or by 31st May, 2021, whichever is later.

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