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published on 23 September 2021 | reading time approx. 2 minutes
The Central Board of Direct Taxes (‘CBDT’), on consideration of difficulties reported by the taxpayers and other stakeholders, has extended due dates for filing of India Income-tax return (‘ITR’) and various reports of audit for the financial year 2020-21.
The various extensions are tabulated below:
(For an optimal display of the table, the use of a desktop PC or tablet is recommended.)
15 February 2022
In our experience, most of the above extended due dates would fall during the Christmas/Winter Break wherein we foresee challenges with availability of relevant team members/individual who are responsible to provide necessary information for completing the tax filings and also heads/directors are required to approve the tax computation and sign the tax returns using their digital signature. Thus, it would be of utmost importance to plan the work-flow to complete all the India tax filings before the Christmas holidays (for e.g., 15 December).
Having said the above, please note that tax return filing utility is still not notified by the Indian Government. Further, there are certain challenges being faced with registration of Digital Signature on the income-tax portal (among others). If the above issues are not resolved by the Indian Government on time, this may have an impact on the overall work-flow planning and availability of relevant teams will have to be managed to meet the extended due dates.
Chetan Kakariya
Partner
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Gaurav Makhijani
Associate Partner