FY 2020-21: ITR filing deadline extends for corporates till March 15

RNS: The government extended the deadline for corporates to file Income Tax returns (ITR) till 15 March for the financial 2020-2021. The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15.

On the consideration of difficulties reported by the taxpayers and other stakeholders due to Covid and in electronic filing of various reports of audit, it has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 (2020-21 fiscal), the Central Board of Direct Taxes (CBDT) said in a statement.

The extended deadline for filing ITR for corporates is now March 15, and the tax audit report is February 15, 2022, it said.

The last date for filing 2020-21 ITRs without penalty for individual taxpayers ended on December 31, 2021, and nearly 5.89 crore ITR was filed by the due date.

This is the third time when extension has been given to corporates for filing the income tax return for FY 2020-21. The original deadline for filing ITR for corporates was 31 October, and those with transfer pricing transactions was 30 November.

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