The Government has announced that it will not extend the deadline for submitting income tax returns

The government on Friday announced that there is no proposal to extend the deadline for filing income tax returns beyond the current deadline of December 31. Revenue Minister Tarun Bajaj said that December 31, 2021 is still is the official deadline for filing income tax returns. This means that the last day to file an income tax return for the 2020-2021 fiscal year or the 2021-2022 assessment year is today – December 31, 2021. Failure to file a return by the official deadline may can be fined up to Rs 5,000.