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Income Tax Return: Due Dates for E-filing of Various Income Tax Forms Extended


Income Tax Return: Due Dates for E-filing of Various Income Tax Forms Extended
SHARES

The revamped e-filing portal of the Income Tax Department has been live for almost three months. Despite, this there have been several glitches reported on the website. Many have taken to their social media to vent their frustration about the ongoing issues with the portal. In light of this, it was expected that the last date for filing returns would be extended yet again. The earlier date was July 31, which was extended due to the ongoing COVID-19 crisis.

On Sunday, the Central Board of Direct Taxes (CBDT) that the last date for filing of various electronic forms under the Income Tax Act, 1961 has been extended. In a statement, the Finance Ministry said that the move comes on the back of difficulties reported by taxpayers and other stakeholders.

"On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income Tax Act, 1961, read with Income Tax Rules, 1962 (Rules), the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such forms," it said.

The application for registration or intimation or approval under Sections 10(23C), 12A, 35(1)(ii)/(iia)/(iii) or 80G of the Act in Form No 10A required to be filed on or before June 30, 2021, and extended to August 31, may now be filed on or before March 31, 2022.

The statement further says, "The Equalisation Levy Statement in Form No 1 for the Financial Year 2020- 21, which was required to be filed on or before June 30, 2021, as extended to August 31, 2021 vide Circular No 15 of 2021 dated August 3, 2021, may be filed on or before December 31, 2021."

In addition to this, the application for registration or approval under Sections 10(23C), 12A or 80G of the Act in Form No 10AB, for which the last date for filing falls on or before February 28, 2022, maybe filed on or before March 31, 2022, it said.

Among other relaxations, the Finance Ministry said that uploading of the declarations received from recipients in Form No 15G/15H during the quarter ending June 30, which was originally required to be uploaded on or before July 15, and subsequently by August 31, maybe uploaded on or before November 30.

The Quarterly statement in Form No. 15CC to be furnished by an authorised dealer in respect of remittances made for the quarter ending on 30th September 2021, required to be furnished on or before 15th October 2021 under Rule 37BB of the Rules, maybe furnished on or before 31st December 2021.

 The Income Tax Department had rolled out a new tax e-filing portal in June 2021 to streamline the online application process. It had several features such as pre-filled ITR forms and quick refunds; however, it also came with several glitches and technical issues. One of the major issues so far has been the lags on the portal as well as some of the reports being full of errors. There were also reports of delay in generating OTP. The issue aggravated further when the portal became inaccessible for a few hours.  

Following this, Finance Minister Nirmala Sitharaman organised a meeting with Infosys MD and CEO Salil Parekh on Monday afternoon. During her meeting with Salil Parekh, Sitharaman has asked the software major to resolve the issues faced by the taxpayers on the Income Tax e-filing portal by September 15.

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