Income Tax Return Filing, Details Here

The taxpayers may still require to pay additional interest even though the central government has extended Income Tax Return (ITR) filing last date.

New Delhi:Taxpayers may need to pay additional interest at the rate of 1 per cent per month despite filing the return in the extended period in case the balance tax payable exceeds Rs 1 lakh.

Central Board of Direct Taxes (CBDT) had announced extension of the due dates for filing of ITRs and Audit Reports for the Assessment Year (AY) 2021-22 in view of the difficulties reported by taxpayers in filing of ITRs etc, Income Tax India tweeted.

As per the clarification appended to the Circular extending the dates for filing tax returns, it has been stated that the extension of the due date will not be applicable in respect of provision of section 234A.

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