NICAF files writ in Delhi HC against non extension of Tax Audit / ITR due date

a) Revision of Form 3CD (tax audit reports) mid way is effectively a retrospective amendment as against the declared resolve of the government;

b) Introduction of many new clauses in Revised Form 3CD applicable w.e.f.20/08/18;

c) Sufficient time required to disseminate understanding and to digest changes before application;

d) Applicability of penal provisions u/s 271B(inadvertently stated as 271D) for delay in submission of tax audit reports;

e) Issues arising due to implementation of GST law for the first time & its impact on the computation of income;

f) Extension of timeline of filing Return of Income in case of certain category of taxpayers (being essentially individuals drawing income from salary or individuals not subject to tax audit) from 31/07/18 to 31/08/18, thus, there is all the more reason for extending of time line in respect of assessee’s subject to tax audit required to file return by 30/09/18;

g) Income tax department web site is not allowing to upload certain forms related with Tax audits;

h) In view of manifest changes made there is an acute burden on the CAs including tax professionals;

i) Constant changes in utilities relating to tax audit forms;

j) Heavy floods disrupting the normal life.