September, 2021 – Issue No. II

Clarification issued regarding extension of time limit to apply for revocation of cancellation of registration.

INCOME TAX

1. The due date of furnishing of ITR for the AY 2021-22 is further extended to 31st December, 2021;
2. The due date of furnishing of Report of Audit for the Previous Year 2020-21 is further extended to 15th January, 2022;
3. The due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21 is further extended to 31st January, 2022;
4. The due date of furnishing of Return of Income for the AY 2021-22, which is 31st October, 2021 under sub-section (1) of section 139 of the Act is further extended to 15th February, 2022;
5. The due date of furnishing of Return of Income for the AY 2021-22, which is 30th November, 2021 under sub-section (1) of section 139 of the Act is further extended to 28th February, 2022;

6. The due date of furnishing of belated/revised ITR for the AY 2021-22 is further extended to 31st March, 2022.

Rule inserted for deemed authentication of electronic record in faceless assessment proceedings.

CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment.

Applications for settlement can be filed by taxpayers before 30.09.2021 subject to certain conditions.