Extension of Due Dates
The CBDT has further extended the due dates for the filing of Income Tax Return/ Tax Audit Report/ Transfer Pricing Report in respect of AY 2021 – 2023.
Compliance | Previous Due Date | Extended Due Date |
Income Tax Return (taxpayers subject to tax audit) | 15th February 2022 | 15th March 2022 |
Income Tax Return (taxpayers subject to transfer pricing report) | 28th February 2022 | 15th March 2022 |
Tax Audit Report | 15th January 2022 | 15th February 2022 |
Transfer Pricing Report under s. 92E | 31st January 2022 | 15th February 2022 |
The CBDT in this circular has explicitly clarified that the extension of due dates for filing of Income Tax Return shall not affect the provisions under Explanation 1 to s. 234A (interest for default in furnishing ITR) if the amount of tax payable exceeds INR 1 lakh.