• Registered Users :
  • 160797
  • Current Active Users :
  • 102093

News INCOME TAX

  • Jun 04, 2021
  • ITR due date extension: Will you get interest relief on payment of tax during the extended period?

    Due to the disruption in economic and financial activities after the lockdowns and other restrictions imposed to counter the second Covid wave, the government has announced extension in the various tax related compliance dates, including the due date of filing Income Tax Return (ITR).

    Instead of July 31, 2021, the due date for filing ITR for the Assessment Year (AY) 2021-22 will now be September 30, 2021.
    “The Government has vide Circular No. 9 of 2021 F. NO.225/49/2021-ITA-II dated 20th May 2021 provided relaxation with regards to due dates of filing of Income Tax returns considering the ongoing severe pandemic situation in the country. In accordance with the same, the due date for furnishing of Income Tax return for AY 2021-22 by persons (other than company) not subject to any audit has been extended from July 31, 2021 to September 30, 2021.