ICAI request FM to consider further extension(s) of various due dates under Income-tax Act, 1961 especially Tax Audit Reports (TAR) and related returns and Income Tax Return (ITR) Forms for AY 2020-21. text of their representation is as follows:-
ICAI/DTC/2020-21/Rep-31
To
Chairman,
Central Board of Direct Taxes, Ministry of Finance,
Government of India,
North Block,
New Delhi-110 001.
Dated: 6th January 2021
Sir,
Re: Request to consider further extension(s) of various due dates under Income-tax Act, 1961 especially Tax Audit Reports and related returns and Income Tax Return Forms for AY 202021
We refer to our earlier representation (ICAI/DTC/2020-21/Rep – 26 dated 13.12.2020) submitted to your good office detailing therein issues/concerns being faced by taxpayers/members due to ongoing COVID19 pandemic and the resultant need to further extend the due dates of filing ITR Forms and Tax Audit report and other related returns/reports for AY 2020-21. Considering the problems being faced by the taxpayers, government has provided further time to the taxpayers for furnishing of Income Tax Returns, tax audit reports etc. vide Notification No. 93/2020 dated 31.12.2020. We duly appreciate the same. However, we wish to inform that the said extended time of 10 days for furnishing of ITR Form for AY 2020-21 for certain specified assessees and 15 days for furnishing of tax audit reports and related returns is not at all sufficient.
Issues & Concerns – Case for further extension of due dates of ITR and TAR filing
You may well appreciate that this year is an exceptional year due to Covid-19 pandemic. Further, despite recent approval by concerned regulatory authorities of vaccines for emergency use to cure this dreaded disease, it is still not good enough and risk in general is not yet over. United Kingdom has just imposed a 6-week lockdown as a mutated and already several positive cases of people in India of the said UK Covid virus has been reported.
Being unprecedented circumstances due to Covid-19 and an exceptional year, the inconvenience caused to the taxpayers in particular is immeasurable. Several hardships and difficulties, both operational and financial, are still being faced making it difficult for both taxpayers and professionals to meet the extended deadline of furnishing of ITR Forms and TAR for AY 2020-21 within a week or so from now. The extension of 10-15 days does not appear to be a really very supportive stance to deal with such a large-scale pandemic situation.
Last but not the least, we cannot forget the apathy being faced by the taxpayers and professionals of North India, especially the people of NCR of Delhi due to on-going agitation by farmers (Kissan Andolan) for last nearly 40 days. You may also consider the situation from the point of view of senior tax professionals and assessees above the age of 65 years, who are more prone to the deadly diseases.
Also, it may not be out of place to mention that the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 had extended the due dates for delivering Statements of TDS and TCS of 1st and 2nd quarters of FY 2020-21 to 31.03.2021, however, the due date for 3rd quarter of FY 2020-21 remains 15.01.2021 for TCS and 31.01.2021 for TDS under the law, which has not been extended. These dates also need to be extended to 31.03.2021 for harmonious compliances in this regard.
Suggestion(s):
In the interest of the Nation as a whole, it is once again humbly requested that the due dates u/s 139(1) of the Income-tax Act, 1961 for furnishing return of income as well as the specified date u/s 44AB of the Act for furnishing tax audit report and related returns for AY 2020-21 be further suitably extended to say 31.03.2021 considering the fact that current extension of 10/15 days is not at all sufficient. Further, all the other due dates of compliances under Income-tax Act, 1961 (TDS/TCS/Section 11(1A)/54/54F/Advance tax payments etc.) be also suitably extended to say 31.03.2021 to enable assessees to meet such deadlines without incurring any other extra cost.
Also, the due date for 3rd quarter of FY 2020-21 is 15.01.2021 for TCS returns and 31.01.2021 for TDS returns which may also be extended to 31.03.2021.
We hope that our suggestions would be favourably considered. We would be happy to deliberate on the matter albeit virtually, if considered necessary by your good office.
With Warm Regards
CA Tarun Jamnadas Ghia Chairman,
Direct Taxes Committee
The Institute of Chartered Accountants of India
Download ICAI Representation on Extension of Due Dates
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the govt wants every citizens of indian should follow their laws and policy any how. they just imposed policy without any knowledge of ground reality.from next year govt / cbdt should issue all ITRs on or before 1st april.
The last two days – 9/1 is bank closed day (second Saturday) & 10/1 is Sunday. 1/1 was a new year day. 3/1 was sunday. So practically it is just six days.
Earnest request to the IT department that please cooperate with the honest tax payers who are asking for time for paying the tax & not asking for any relief in the tax.
Please extend time up to end of this month 31st January 2021. Because, Sankaranthi, Pongal Holidays also coming in this month. We hope that our suggestions would be favaourably considered by your honour.
madam, institute requested mam for request, please that first time this much representation for extension please extension is needed very much mam. Police problem they are warning us to close by 10.pm, not possible to work full night. please extend the date, mam taxes already came from tds and advance tax mam. Please consider our request
Humble request to extend the due dates.
It seems our FM cannot our sound , now this time all are annoyed from modi government, beacause we feel badly ,they cant understand this panic situation , heartless government, who drink always our blood and fine, next time we dont want to support this government and against him all business class will take action, goverment collect money from public in wrong way , he charged everywhere fine , this is too dirty plicy .
Kindly request to extend due dates due to many known reasons. Some banks are unable to provide details due to there merging with other banks.
Many of the clients and professionals are still fully not recovered.
A sincere request
madam, institute requested mam for request, please that first time this much representation for extension please extension is needed very much mam. Police problem they are warning us to close by 10.pm, not possible to work full night. please extend the date, mam taxes already came from tds and advance tax mam. Please consider our request
Respected FM MADAM AND officials
A humble request to please extend the due dates from 10th Jan to 31st March. This will really be appreciated and also give more relaxation. Looking to the current scenario it must be considered in favor of Tax payers
Hope you will extend and give some good news latest by tomorrow
Regards
Bhavesh Thakker
We request the Hon’ble Finance Minister to pursue the difficulties faced by the tax payers and this is an year difficulties financially and health wise not only one part of the globe and has shaken everyone . We request the FM to think the practicalities and ground realities. we are not asking any cuts in the tax and reliefs , only extension of time to enable everyone to file the returns in time . We request sincerly to extend the deadline till 31.03.2021 for every type of assessee.
To ease the pressure on professionals and assesseee,the date should be suitably extended
It is almost not possible to complete the preperation In 10??? day’s extension. The last two days – 9/1 is bank closed day (second Saturday) & 10/1 is Sunday. 1/1 was a new year day. So practically it is just seven days.
Earnest request to the IT department that please cooperate with the honest tax payers who are asking for time for paying the tax & not asking for any relief in the tax.
Sure
GOVERNMENT OUGHT TO CONSIDER THE REQUEST ESPECIALLY TO SAFE GUARD THE INTERESTS OF SME SECTOR.