Furnishing audit report for transfer pricing taxpayers: January 31, 2022Įarlier, the CBDT had extended the last date for filing income tax returns for FY 2020–21.Furnishing audit report: January 15, 2022.Belated or revised return filing: March 31, 2022.Transfer pricing filing: February 28, 2022.Taxpayers who do not need to be audited: December 31, 2021.Audited taxpayers that include companies, working partners (wherein the firms’ books have to be audited): September 30 of the relevant AY.ĭue to the COVID-19 pandemic, the Central Board of Direct Taxes (CBDT) has extended the ITR filing last date as follows:.Taxpayers without any audit requirements like individuals, HUFs, Association of Persons (AOPs), and Body of Individuals (BOIs): July 31 of the relevant assessment year (AY).In general, the ITR filing dates can be categorized in two parts, which are as follows: If required, the Central Government can modify these dates by issuing prior notices. Section 139 of the Income Tax Act, 1961 provides the rules related to the due dates for filing ITRs. It is notified with seven forms, which include ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7. They can file their ITRs through the official portal of the Income Tax Department. ITR filing is the procedure by which taxpayers report their total earnings for a financial year (FY). It is mandatory for taxpayers to file their ITRs if their incomes exceed the minimum exemption limits.Īll companies and firms, salaried and self-employed individuals, and Hindu Undivided Families (HUFs) are required to file their ITR with the Income Tax Department. The Income Tax Return (ITR) is a form for declaring your tax liability, claiming the available exemptions, and reporting your gross taxable earnings.

Eitr filing