Tax Audit Due Date Extension – Still a Mystery

It is learnt from one of the Central Council member of ICAI that While the representations for extension of due date for tax audit reports are going on but no positive response yet been given by the Ministry of Finance or CBDT.

 

It is further stated by him that revenue has taken the stand that since the problems faced by members are with respect to uploading, therefore, only the date of uploading report may be extended and date of report may not get extended.

 

But we are yet to understand do CBDT want to extend only the due date for upload of Tax Audit Report or ITR also. Further it seems ICAI not been able to represent or strongly represents the facts before the Ministry. As issue is not only the Difficulty in furnishing tax Audit Report but also the following :-

 

1. First Time Introduction of Online Tax Audit Report as well as other Audit Reports.

 

2. Late Release of ITR and then Frequent Revision.

 

     3. Increased workload due to first time introduction of Online Tax Audit      Utilities.Lets hope good sense prevails and Government Extend the due date for Filing of Tax Audit Report as well as ITR in audit cases to address the problem faced by lakhs of taxpayers and tax Professionals.

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