Issue of Extension of Time For Filling Tax Audit Reports & ITR

Issue Of Extension Of Time For Filling Tax Audit Reports alongwith Statement Of Accounts & Income Tax Return (ITR)

There has been much controversy over the above issue. Much complications have taken place in comparison to earlier years in respect of filling of Audit Reports and as well as Income Tax Return. Some years ago, in the tax audit cases, the due date for filling was October which was reduced to September. Tax- payers are complying to the requirements introduced every year otherwise they are forced to pay penalties.

This year Forms (ITR) were introduced very late with added features. In many part of the country, there remains power cuttings and inherent problems. There is three days bank holiday i.e. on 25, 26, 27 September 2015.  Also, at the last dates there remain problems of server and internet applications. Last year many problems came in this respect and date was extended. This year, the due date has been extended upto 7/09/2015 in respect of 31/08/2015 filling of returns.

CBDT should look into practical problems and ground realities. The writs filed for extension of time in different High Courts of India is, in fact, the demand for justice in this respect. It is true that many asseessees start preparing their papers very late but simultaneously the Income Tax Department should be friendly to the tax-payers.

“Law is a living organism and its utility depends on its vitality and ability to serve as the sustaining pillar of society. Contours of law in an evolving society must constantly keep changing as civilization and culture advances………………If law is to adapt itself to the needs of the changing society, it must be flexible and adaptable”

(Justice K. Ramaswamy in Madhu Kishwar vs. State of Bihar (1996) 5 SCC 125 (para 37).