Deadline to file corporate income-tax returns, audit extended

Assessment Year 2021-22 is for income earned in the financial year 2020-21

The finance ministry on Tuesday extended the deadline for corporations to file income-tax returns (ITRs) to March 15, 2022. For entities whose accounts need auditing, the last date to submit the audits has been extended to February 15. However, salaried taxpayers whose accounts are not liable for auditing did not get an extension.

The Central Board of Direct Taxes (CBDT) in a statement said that on consideration of difficulties reported by the taxpayers and other stakeholders due to Covid and in electronic filing of various reports of audit, it was decided to further extend the due dates for filing ITRs and