The decision comes in wake of the difficulties faced by taxpayers in filing tax returns due to the prevailing Covid situation as well as in electric filing of various reports of audit.
On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for… https://t.co/vs653L5ouF
— Income Tax India (@IncomeTaxIndia) 1641904025000
The ITR filing deadline was extended twice by the Centre last year due to Covid-19 pandemic. At first, the last date was extended by two months from the usual deadline of July 31 to September 30, 2021. It was further extended till December 31.
The last day for filing ITR for taxpayers had already lapsed on December 31, 2021. However, the ministry of finance has now extended the same till March 15.
In addition, last date for submitting tax audit report and transfer pricing audit report has been extended till February 15. Earlier, this deadline was January 15, 2022.
Earlier this week, the Institute of Chartered Accountants of India (ICAI) had submitted a representation to Central Board of Direct Taxes (CBDT) chairman J B Mohapatra seeking time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and “consistent technical glitches” being faced in using the new I-T portal.
Nearly 5.89 crore tax returns for the 2020-21 fiscal were filed on the new e-filing portal till December 31 deadline, the I-T department had said.
Of this, more than 46.11 lakh ITRs were filed on the last date or December 31 alone.