The cut-off time for documenting Income Tax Returns (ITR) for the monetary year 2020-21 has been again extended out by the Central Board of Direct Taxes (CBDT) in a bid to give alleviation to citizens. The new cut-off time for documenting ITR has been moved from September 30 to December 31, 2021. In any case, this isn't the first occasion when that the expense office has expanded the cut-off time for documenting ITR for FY21. Already, the cut-off time for recording ITR was stretched out by CBDT from July 31 to September 30. Around then the cut-off time was stretched out because of the second rush of COVID-19 pandemic that had grasped the country for quite a long time.
The due date for documenting the expense review report and move estimating declaration has been stretched out to January 15, 2022, and January 31, 2022, separately, from October 31 and November 30, individually. For documenting the late or updated return of pay, the last date has been stretched out by an additional two months to March 31, 2022.
As to the goal of errors in the expense entry, the Finance Ministry on September 8 said it is consistently captivating with Infosys to guarantee a smooth documenting experience for citizens. On April 1, the CBDT informed the structures for recording I-T returns for 2020-21 financial. For 2020-21 financial, the public authority had given citizens the alternative to pick another assessment system under area 115BAC of the Income Tax Act.
This time the Finance Ministry said that the cut-off time has been reached out in the wake of observing challenges detailed by the citizens and different partners in the documenting of Income Tax Returns and different reports of review for the Assessment Year 2021-22 under the Income-charge Act, 1961(the "Act"). "Focal Board of Direct Taxes (CBDT) has chosen to additionally expand the due dates for recording of Income Tax Returns and different reports of review for the Assessment Year 2021-22," Finance Ministry said.
In any case, one of the significant purposes for the cut-off time expansion is specialized errors looked at by citizens while recording ITR on the new personal expense entryway created by Infosys. A few citizens had grumbled that the gateway isn't working as expected, prompting delays in the documenting of ITR.
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