Demand for Extension of due dates for filing of Income Tax return

The due date for filing the Income Tax return for Individuals for Fy 2020-21 is 31.12.2021. As per the Income-tax department, 3.70 crore persons have already filed returns up to 15.12.2021. There is a demand for an extension in the due date for filing the Income Tax return from various institutions, One of them is Gujarat Chamber of Commerce & Industry recently requested to Finance Minister in this regard. Let's check what they want to say.

Gujarat Chamber of Commerce & Industry

To,

Smt. Nirmala Sitharaman

Hon’ble Union Minister of Finance,

Ministry of Finance,

Government of India,

North Block,

New Delhi — 110001

Sub: Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22)

Respected Madam,

We would like to place on record our sincere appreciation for the laudable efforts taken by the government towards fighting the COVID-19 pandemic with record vaccinations and timely support to the citizens. We applaud the vision of having a new income tax e-filing website that aims to provide convenience and a “modern, seamless experience” to taxpayers. We are confident that a slew of taxpayer-friendly measures planned by the Government will address several intricate problems relating to taxation, synchronously fulfill its vision of having more transparency in the system with minimal interaction between taxpayers and tax authorities. This regime has provided us with new hope and optimism for a future bereft of the virus.

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COVID -19 & RISING CASES OF OMICORN CASES:

Globally, Omicron has reached nearly 60 countries, and many nations have started putting restrictions and lockdowns are back in place. India reported 7,992 cases on 10th December 2021 and the cases are on the gradual rise on a daily basis. Triggered by the rising Omicron cases in Maharashtra, the state government has banned large gatherings and imposed other restrictions within Mumbai. The state has the highest cases with the new SARS-CoV-2 ‘variant of concern’ in the country till date. On the other hand, 32 cases of the new variant of concern Omicron have been detected so far in the country, which is a cause for concern. This is especially so because people have been wearing masks less and not following the proper COVID protocols.

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