Month: October 2021

Amid the post extension of due dates for filing of Income Tax Returns (ITR) and various reports of audit for the Assessment Year 2021-22. The country’s largest lender State Bank of India (SBI) has announced a big deal for the taxpayers. According to the lender, taxpayers can now file their Income Tax Return (ITR) for free with Tax2win on YONO, all they need is 5 documents only. “Do you want to file an ITR? You can do it FREE with Tax2win on YONO. All you need is 5 documents,” SBI has said via its Twitter handle.

• The five documents that taxpayers need to keep handy are PAN Card, Tax deduction details, Aadhaar Card, Interest Income Certificates, Form-16 and Investment proofs for tax savings.
• Taxpayers would receive eCA assistance for just Rs 199 and the deal is only available until October 31st.
• Taxpayers need to Login on YONO >> Shop and Order >> Tax and Investment >> Tax2Win to file their ITR for free.

Do you want to file an ITR? You can do it FREE with Tax2win on YONO. All you need is 5 documents. Download now: https://t.co/BwaxSb3HYQ#YONO #Tax2Win #ITR #Offer pic.twitter.com/NXB32NNB60

— State Bank of India (@TheOfficialSBI) October 5, 2021

Last month the Central Board of Direct Taxes (CBDT) decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22. Owing to the new extension the due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September 2021 is hereby further extended to 31st December 2021.

The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September 2021, as extended to 31st October 2021 is hereby further extended to 15th January 2022. The due date of furnishing Report from an Accountant by persons entering into an international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which is 31st October 2021, as extended to 30th November 2021 is hereby further extended to 31st January 2022.

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st October 2021 under sub-section (1) of section 139 of the Act, as extended to 30th November 2021 is hereby further extended to 15th February 2022. The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 30th November 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December 2021 is hereby further extended to 28th February 2022.

The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31st December 2021 under sub-section (4)/sub-section (5) of section 139 of the Act, as extended to 31st January 2022 is hereby further extended to 31st March 2022.

On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021- 22 under the Income-tax Act, 1961 the above extensions have been made, according to the CBDT.