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Last date to file ITR for FY2021 (AY 2021-22)

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As new income tax portal is facing glitches since its launch, to relief the taxpayers, Central Board of Direct Taxes (CBDT) has issued a circular on 20th May, 2021 to extend the last date to file ITR for FY 2021 (AY 2021-22).

Income tax return filing (ITR) last date for FY 2020-21 (AY 2021-22)

Finance Ministry has understood the difficulties faced by taxpayers and other stakeholders while filing the income tax forms on new income tax portal.

“Features, glitches & suggestions: a barrier of new income tax portal”

Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms. The taxpayers need to remember the due dates otherwise interest under section 234A and penalty under section 234F will be applicable. Below table contains original and extended due dates of ITR filing for FY 2020-21 (AY 2021-22):

Category of TaxpayerOriginal due dates-FY 2020-21Extended due dates- FY 2020-21
Individual/HUF/AOP/BOI (Non-audit case)31st July, 202130th Sep, 2021
  Businesses- (Audit case)31st October, 202130th Nov, 2021
  Businesses- (Require TP Report)30th November, 202130th Dec, 2021

Different ITR forms are applicable to file the income tax return. Which form is applicable to me?

Penalty applicable for late filing of ITR for FY 2020-21 (ay 2021-22)

If ITR is not filed by the due dates as mentioned above, Section 234F attracts. As per Section 234F, late filing fees of Rs 5,000 shall be payable if return furnished after due date specified under section 139(1). However, the amount of late filing fees to be paid shall be Rs 1,000, if the total income of the person does not exceed Rs 5 lakhs. 

“In nutshell, last date to file ITR for FY 2020-21 (AY 2021-22) is 30th September, 2021 (Non-audit case) but new income tax portal still facing issues related to ITR filing. We are expecting the date to be extended otherwise it would be undue hardship on taxpayers.

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