Daily Tip: The deadline to file your individual ITR has been extended


Have you heard? The last date for individuals to file their Income Tax Returns (ITR) for the Financial Year 2020-2021 has been extended to December 31, 2021.

The Central Board of Direct Taxation (CBDT) announced the extension to ease the pressure taxpayers are facing due to COVID-related difficulties and the glitches in the new ITR e-Filing portal.

The CBDT has also extended the ITR filing deadline for companies, which are now due by February 15, 2022.

Keeping up with your tax obligation is one way to show lenders you are a trustworthy business owner. So, don’t forget to update your calendar with the new deadlines and file your taxes accordingly. 

Learn more about the extension here

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