Circular No. 01/2022 of Income Tax

On consideration of difficulties reported by the taxpayers and other stakeholders in the filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961, the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22. The details of Circular No. 01/2022 of Income Tax Dated 01.11.2022 are as under:

Extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

  • The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was 30th September 2021, in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, as extended to 31st October 2021 and 15th January 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th February, 2022
  • The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which was 31st October, 2021, in the case of assessees referred in clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act, is hereby extended to 15th February, 2022;
  • The due date of furnishing of Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which was 31st October 2021, as extended to 30th November 2021 and 31st January 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th February, 2022;
  • The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st October 2021 under sub-section (1) of section 139 of the Act, as extended to 30th November 2021 and 15th February 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th March, 2022;
  • The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 30th November 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December 2021 and 28th February 2022 by Circular No.9/2021 dated 20.05.2021 and Circular No.17/2021 dated 09.09.2021 respectively, is hereby further extended to 15th March, 2022.
Circular No. 01/2022 Dated 11.01.2022 of Income Tax

Summary of Circular No. 01/2022

ParticularsOriginal Due DateOld Dates (Circular No. 09/2021)New Dates (Circular No. 17/2021)New Dates (Circular No. 01/2022)
The due date of furnishing of Return of Income for the normal assessee for the Assessment Year 2021-22 31.07.202130.09.202131.12.2021
The due date of furnishing of Return of Income for Audited assessee and partner of a partnership firm for the Assessment Year 2021-22 31.10.202130.11.202115.02.202215.03.2022
The due date of furnishing of Return of Income for Transfer Pricing Case for the Assessment Year 2021-22 30.11.202131.12.202128.02.202215.03.2022
The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-2231.12.202131.01.202231.03.2022
The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21 30.09.202131.10.202115.01.202215.02.2022
The due date of furnishing Report from an Accountant by persons entering into an international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21 31.10.202130.11.202131.01.202215.02.2022

Circular No. 01/2022 Clarification 1 by CBDT- It is clarified that this extension shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds one lakh rupees.

Circular No. 01/2022 Clarification 2 by CBDT- For the purpose of Clarification 1, in the case of an individual resident in India referred to in sub-section (2) of section 207 of the Act, the tax paid by him under section 140A of the Act within the due date (without extension under Circular No.9/2021, Circular No.17/2021 and this Circular) provided in that Act, shall be deemed to be the advance tax.

Circular No. 01/2022 Dated 11.01.2022 of Income Tax

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