Tale outline

• This is actually the time that is second economic 12 months the us government has stretched the due date of filing ITR for folks whoever reports is not necessary to be audited.
• The ITR filing due date is stretched because of the numerous technical problems associated towards the federal government’s newly established income tax filing portal.
• The deadline of filing belated/revised ITR happens to be extended by 8 weeks to March 31, 2022.

The federal government has yet again extended the due date to register tax return (ITR) for FY 2020-21 by 3 months to December 31, 2021 from September 30, 2021. The due date happens to be stretched as a result of problems regarding the brand new tax portal which have managed to make it burdensome for numerous taxpayers to perform their ITR filing process.

Here is the time that is second monetary seasons that the us government has stretched the ITR filing due date for people whoever reports no credit check payday loans in Camp Shelby MS is not necessary to be audited. Previously, due towards the wave that is second of Covid-19, the ITR filing due date ended up being stretched by two months through the typical deadline of July 31 to September 30, 2021.

Relating to a pr release given because of the Central Board of Direct fees (CBDT), ” The deadline of furnishing of Return of earnings when it comes to evaluation 12 months 2021-22, that was 31st July, 2021 under sub-section (1) of part 139 associated with work, as stretched to 30th September, 2021 vide round No.9/2021 dated 20.05.2021, was hereby further stretched to 31st December, 2021.”

Sujit Bangar, Ex-IRS officer and founder, Taxbuddy.com, an ITR filing web site states, “As we realize, the first date that is due of 31, 2021, appears stretched to December 31, 2021. Then there won’t be interest u/s 234A for ITRs being filed before Dec 31, 2021 if tax liability to be paid is less than Rs 1 lakh. The catch, but, is the fact that interest u/s 234A will be charged in the event that tax that try outstanding was Rs 1 lakh or maybe more. It will likely be levied from August 1, 2021 onwards till date of filing ITR. Consequently, it is better to calculate income income tax performing immediately even if ITR may later be filed. This might assist us in saving interest.”

National in addition has stretched the due date to register belated and/or revised ITR by 8 weeks from 31, 2022 to March 31, 2022 january. “The deadline of furnishing of belated/revised Return of Income when it comes to Assessment season 2021-22, that is 31st December, 2021 under sub-section (4)/sub-section (5) of area 139 associated with the Act, as stretched to 31st January, 2022, vide Circular No.9/2021 dated 20.05.2021, are hereby further stretched to 31st March, 2022,” claimed the CBDT press release.

Technology dilemmas within the brand new e-filing portal ET wide range on the web have early in the day stated that the ITR filing due date may need to become extended beyond September 30, 2021 as a result of problems within the income tax portal that is new.

Most income tax filers are finding it hard to register their comes back with the portal. Different stakeholders reported of problems encountered during various stages associated with filing procedure. Some taxpayers also reported that interest and belated cost was charged while filing ITR after July 31, 2021 (the due date that has been stretched to September 30, 2021).

National have earlier in the day stretched the due date for receiving type 16 through the companies twice first from 15, 2021, to July 15, 2021, and then again to July 31, 2021 june. This had remaining precisely 8 weeks when it comes to people to register their ITR. Nonetheless, the portal that is new slow have managed to get burdensome for taxpayers to register their comes back.