In View of Challenges faced by the taxpayers and other Stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income Tax Act, CBDT has decided to further extend the due dates for filing of Income Tax Returns and Various reports of audit for the AY 2021-22 as per the below table
However, the extension of the dates in clauses (1), (4) and (5) above 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 of Advance Tax, TDS, any relief of tax, Foreign Tax Credit and MAT credit exceeds Rs. 1 Lakhs. The interest as applicable u/s 234A of the Act shall continue to apply.
