The Central Board of Direct Taxes (CBDT) has extended various income tax filing deadlines due to ongoing COVID-19 difficulties. Key extensions include the tax audit report deadline moving from January 15/31 to February 15, the transfer pricing report deadline moving from January 31 to February 15, the non-taxpayer return deadline moving from February 15 to March 15, and the taxpayer return deadline moving from February 28 to March 15. Interest will still apply on late payments over Rs. 1 lakh.

1. TAX ALERT
FURTHER EXTENSION OF VARIOUS
INCOME TAX DUE DATES
11th
JANUARY 2022

2. Extension Of Various Income-Tax Due Dates:
The CBDT vide Circular No. 01/2022 dated 11th
January 2022 has provided relief to the tax payers by
further extending the due dates for various income-tax compliances. This decision was taken in the
wake of the difficulties reported by taxpayers due to COVID and in e-filing of various reports of
audit under the provisions of Income Tax Act, 1961.
We have summarized below key complianes for which the due date has been extended by the CBDT:
Compliance Period Earlier Due Date Extended Due Date
Filing of Tax Audit Report (both
Transfer Pricing as well as non-
TP cases) – Form 3CD
FY 2020-21 15th
January 2022
/ 31st
January
2022
15th
February 2022
(Tue)
Transfer Pricing Report - Form
3CEB
FY 2020-21 31st
January 2022 15th
February 2022
(Tue)
Return of Income (Non-TP
cases)
FY 2020-21 15th
February
2022
15th
March 2022
(Tue)
Return of Income (TP cases) FY 2020-21 28th
February
2022
15th
March 2022
(Tue)
Notes:
It was also clarified that this extension shall not apply to levy of Interest u/s 234A in cases
where the amount of balance tax liability on the total income exceeds INR 1 lakh. Further, it
was also clarified that in case of a resident individual, the self assessment tax paid within
the original due date (before any extensions) shall be deemed to be advance tax.
SBC Note:
The relaxation of due dates comes timely amidst increasing COVID cases in the country
as well as the issues faced by taxpayers in uploading various forms in the efiling portal.
Disclaimer: This material and the information contained herein prepared by Steadfast Business Consulting LLP is intended for clients to
provide updates under various Acts and is not an exhaustive treatment of such subject. We are not, by means of this mate rial, rendering
any professional advise or services. It should not be relied upon as the sole basis for any decision which may affect you or your
business. This Presentation provides certain general information as well as specific information with respect to Steadfast Business
Consulting LLP. This alert should neither be regarded as comprehensive not sufficient for the purposes of any decision -making.

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