The government has extended deadlines for various Income Tax Law conformities and cited the difficulties facing the severe COVID-19 pandemic.
The due date for filing the income tax return for the 2021-22 assessment year has been extended from July 31, 2021 to September 30, 2021. Employers have also been granted a monthly extension for filing Form 16, which reflects source tax deductions from employees' salaries from June 15 to July 15.
A one-month extension has also been granted to companies that are required to file audited income reports from the usual deadlines for filing such audit reports and their income tax returns.
“The central government, in continuation of its commitment to addressing the difficulties faced by various stakeholders as a result of the severe COVID-19 pandemic, has decided, taking into account the declarations received from various stakeholders, to set deadlines for compliance within the framework of income extend. Tax Act, 1961, "the Treasury Department said in a statement.
In a similar development, taxpayers will not be able to use e-filing services on the income tax portal between June 1 and June 6, as a new e-filing system will be introduced on June 7 and the week before we will migrate used by data from the legacy system.
"Taxpayers are encouraged to complete any urgent filing, uploading, or downloading tasks before June 1, 2021 to avoid trouble during the embargo," IT said, adding none this week Compliance dates have been scheduled to avoid this inconvenience to taxpayers.
The new portal is intended to enable faster tax refunds and simplify tax returns with pre-filled forms, which would minimize the effort required for data entry for taxpayers “without tax knowledge”, according to the department.
A new taxpayer support call center has instant answers to questions with frequently asked questions, tutorials, videos, chatbots and live agents. All important functions will then also be available in a mobile app.