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Income Tax
On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs
Interest u/s 234A is calculated @ 1% for every month or part of the month on the amount of tax payable. This interest is calculated from the due date to the date of the actual filing of the Income Tax Return.
Extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22
The applicability of ITR forms varies and depending on the sources of income of the taxpayers, the amount of the income earned, and the category the taxpayers like individuals, HUF, and companies, etc. Here are the complete details for Types of ITR Forms-
Circular No. 15 of 2021 regarding extension of time lines for electronic filing of various forms under the Income Tax Act, 1961
Extension of time lines for electronic filing of various forms under the Income Tax Act, 1961
Guidelines U/s 9B and Sub-section (4) of Section 45 of the Income Tax Act, 1961
CBDT has notified all the Income Tax Return Forms for the AY 2021-22 with minimum changes in ITR form 1 to ITR form 7