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ITR Filing Due Date Extended: Last date for filing income tax return extended once again, know what is the new deadline

The deadline for submitting earnings tax returns for corporates for the monetary yr ending March 2021 was on Tuesday prolonged by the federal government until March 15. There’s additionally a deadline for submitting tax audit reviews and switch pricing audit reviews for the monetary yr 2020-21. Prolonged until fifteenth February.

That is the third extension given to corporates to file their earnings tax returns for the monetary yr 2020-21. Corporates had until October 31 to file ITR and November 30 for these with switch pricing transactions.

The Central Board of Direct Taxes (CBDT) in an announcement stated that it has determined to increase the due dates for submitting earnings tax returns and numerous audit reviews for the evaluation yr 2021-22 attributable to difficulties identified by taxpayers and different stakeholders. . COVID and digital submitting of varied reviews of audit (2020-21 financials). The tax audit report is due on February 15, 2022, and the prolonged date for submitting ITR for companies is now March 15. Particular person taxpayers had until December 31, 2021 to file their 2020-21 ITRs with out penalty, and round 5.89 crore ITRs had been filed. on time.

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