Due date for tax audit extended for the FY 2020-2021
On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports of audit under the provisions of the Income-tax Act,1961 (Act), the Central Board of Direct Taxes (CBDT), in the exercise of its powers under Section 119 of the Act, provides relaxation in respect of the following compliances vide Circular No. 01/2022 dated 11/01/2022 📢The due date of furnishing of Report of Audit (Tax Audit) for the Previous Year 2020-21 is hereby further extended to February 15, 2022; 📢The due date of furnishing of Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act (Transfer pricing audit) for the Previous Year 2020-21, is hereby further extended to February 15, 2022; 📢The due date of furnishing of Return of Income (Audit applicability case) for the Assessment Year 2021-22, which was October 31, 2021 is hereby further extended to March