We have created a Poll on our twitter page on 24th October 2017 asking Taxpayer and Tax Professionals across India that do they think that Time Limit for filing IT Return (44AB Audit Cases) must be further extended to 30th November 2017.
In response to our poll we have received 3285 Votes and 90% of those who voted has voted in favour of extension and merely 10% thinks that there should not be any extension. Further our poll is been retweeted by 372 people, liked by 321 people and we received 376 comments on our poll. (Poll is closed now)
(Above Para Been updated on 31.10.2017 at 10.30 AM)
You can check our poll below-
Time Limit for filing IT Return (44AB Audit Cases) must be further extended
— Tax Guru (@taxguru_in) October 24, 2017
Readers are requested to Vote on Our poll, Retweet the same, Like the same and leave their comment on the same.
Some of the interesting tweets in reaction to the above poll are as follows:-
Things are messing up and the pressure if literally unbearable .I hope it gets extended soon.
— saTya (@POETICandFUNNY) October 25, 2017
In view of various due dates during the month must be further extended hope finance ministry will look into matter positively.
— Ashok Bedmutha (@Ashok30218781) October 24, 2017
Tax professionals are under huge pressure of compliance of gst and other relevant work # date must must must extended
— k d sasane (@kunal_2498) October 24, 2017
@Nafees1325 @taxguru_in extension toh hona Hi hai aur Humsabh lekhar rahenge, Double tension ,Double tax work Double extension
— Deepak Baldawa (@DeepakBaldawa1) October 25, 2017
87% of countryman wants extension but government instead of hearing the plea of Taxpayer and Tax Professionals across India is busy issuing advisory on consequences of Non Filing of ITR and Tax Audit report. Check Tweet below-
— Income Tax India (@IncomeTaxIndia) October 27, 2017
Interesting fact here is that when department was tweeting about consequences of Late Return filing at that time Income Tax e-filing website was down from almost 4-5 Hours as can be seen from some the Tweets in reaction to tweet above-
Your e filing website is down
Check it and fix it before reminding us
— Atul Modani (@atulmodani) October 27, 2017
Website failure is a precursor to the extension of due date…
— Sarath Nair (@sarathnair1988) October 27, 2017
website is not working….please resolve it first or extend the date…
— Avinash Rao (@theavinashrao) October 27, 2017
This is the position of incometax site how can the deadline of 31 Oct one can meet. Kindly extend the date pic.twitter.com/DQbS7KXAG5
— LEGISURE (@legisureindia) October 27, 2017
Sure but get the site working. It is not accessible for last 3 hours.
— Sanjeev Lalan (@sdlalan) October 27, 2017
We hope better sense will prevail and CBDT/ Finance Department?Finance Mister will extend the due date without wasting any further time. Hope they will listen the 90% of taxpayers / Country Man / Tax Professionals.
Details for registration number : PMOPG/E/2018/0439684
Name Of Complainant S PRAKASH Date of Receipt 15/09/2018 Received By Ministry/Department Prime Ministers Office Grievance Description Respected PM, The last date for filing the income tax returns for 44AB audit cases is 30th Sept 2018, and number of representations have already been made by number of Associations and Institutions. I further wants to bring it your kind notice that the difficulty in finalization of the accounts for preparation of the Audit report and financial statements for the year ending 31st March 2018 is really a challenging task to all the professionals as the number of clarifications and notifications under GST which will have a bearing effect on the financials and Accounting Standards and business practice, to be deviated or to be changed in number of circumstances such as valuation of the Closing Stock for GST and Income Tax, and number of notifications and circulars issued by GSTN will not fit in properly in to Income Tax Act and Rules, under the circumstances the finalization of the accounts for income tax and filing the same before 30th Sept 2018 is impossible.The imagination of the filing of returns by 30th Sept 2018 itself is making the professionals sleeplessness and increasing the heartbeat of the middle and old aged professionals. Unless the GST Audit report is finalsied it is not possible to finalise the accounts for the Income Tax and the Audit reprot format has just been released with as many details and figures as possible to ask and the bureaucrats in the departmet has developed enimity with the tax professionals and they are trying to encash the situation and wants to kill as many tax professionlas as they can so that they can practice after their retirement.We the honest tax professionals can not prepare two sets of audit reprot one for GST and one for Income tax, whatever the difficiancies noticed while retifying the GST returns has to be reflected in the books of accounts and the Income Tax.Under these circumstances can you expect the tax professionals to work for 24 hours a day? or 18 hours with at least 6 hours for rest and natural calls etc., Even if the honest tax professional does the wrok for 18 hours the income tax return filing can not happen with in 30th as the report under GST filing date is different. It is a clear indication that the GSTN and CBDT has no mutual understanding in the INTEREST OF THE NATION to keep the same compliance dates under both Indirect and Direct Tax Laws, otherwise there will be litigations and the valuable time of the courts are wasted in hearing these unwanted matters, is this the intention of your bureaucrats? If not kindly push all the due dates to 31st December 2018 and allow the business community and the tax professionals to digest the New Act and Rules along with the volumes of notifications, circulars and clarificaitons and let them file the returns with out any further complications and not gving room for further litigations.Kindly ask your bureaucrats to fill up the forms under GST, which is just realsed. Let them set right the technical problems in the WEB, then ask the stake holders to follow the Act and Rules.We need changes in the system, we welcome the changes, but not like the one you have brought in. Ours is a country which gives software solutions to the world, but why we have failed in developing a software solution to our own country? Whether any one has the right answer for this? Is the bureaucrats have a sence of natiionality? if they have kindly bring the RIGHT CHANGES WITH OUT TAKING WAY THE SLEEP, BREAD AND TEA OF THE POOR HONEST TAX PAYERS AND THE TAX PROFESSIONALS. Thanking you, Yours faithfully, S Prakash Current Status Grievance Received Date of Action 15/09/2018 Officer Concerns To Forwarded to Prime Ministers Office Officer Name Shri Ambuj Sharma Officer Designation Under Secretary (Public) Contact Address Public Wing 5th Floor, Rail Bhawan New Delhi Email Address ambuj.sharma38@nic.in Contact Number 011-23386447
THANKING YOU AND WITH REGARDS
S.PRAKASH,
ADVOCATE AND INCOME TAX CONSULTANT,
Agreji Hukumat Sebhi Kharab Halat He
Koi Sun Hi Nahi Raha
Ye Arun Jetly BJP Ko Dubakehi Chodege
Tax Audit date should be extended to atleast 05/11/2017
As i told in the another message, the GOVERNMENT will keep mum up to 10 P.M. After that ???
The Government will not feel the hardship of AUDITORS, and Business man, O.K. MODI JI,
.
Sir, Please do something in connection with further due date extension, either client to small accountant, accountant to CA, CA to Advocate, all relation will change in to bad relation with each together, Cause is only extension of due date. please solve. only 10 hours remain.
Arun Jetli & CBDT Ko Kon Jagaye Ga ?
The return of income falls due on April 1st of each assessment year. The date u/s 139(1) is not a due date but the last date to file without facing certian consequences. The “due date problem” is not because of GST but because of the design of the IT Act. The time limits u/s 139(1) has over a period of time been changed from 4 slabs to just two. For example Companies had upto Dec 31st for filing their tax returns.. Information each year called is increasing. If the Act was amended to remove Section 139(1) and have April 1st as the due date for filing the return. All compliance to be completed by the date mentioned u/s Section 139(4) then there would be no more requests from assessees for extension of due dates.
Early filing is encouraged by not paying interest on refunds for the period after say June 30th upto the date of filing the return. Similarly increased interest to be levied if the return is filed after September 30th in the case of all assesssees.
In such cases the Government will realise the taxes early from the majority of the tax payers or interest if there is delayed furnishing of the returns.
Us tax practitioners can deal with our clients on first come serve basis.