Members are requested to advise their clients to timely approve the tax audit reports under their digital signatures for the AY 2017-18 uploaded by them on the e-filing portal

The Department of Income-tax (Systems) has informed ICAI that a large number of tax audit reports have been uploaded by the members but the same have not been approved by the assessees under their digital signatures. The Department is already issuing SMS reminders to taxpayers.

As you are kindly aware that if any person fails to get his accounts audited in respect of any previous year or years relevant to an assessment year or furnish a report of such audit as required under section 44AB, then the Assessing Officer may impose penalty on such person as per the provisions of section 271B of the Income-tax Act, 1961.

Tax audit reports will stand unfurnished as on 31st October, 2017 and may result in initiation of penalty if not digitally approved by the assessee.

Members are accordingly requested to kindly advise their clients to timely digitally approve the reports to avoid such proceedings. Your proactive assistance will facilitate the assessee.

Warm Regards,

Chairman,
Direct Taxes Committee
The Institute of Chartered Accountants of India

More Under Income Tax

21 Comments

  1. MILIND GUDADHE says:

    SIR NA GST WORK COMPLETE HO PAYA NA INCOME TAX AUDIT KOI MATLAB HI NAHI THA TAX AUDIT KI DATE 31ST OCT. KARNE KA AB TO EISI DONE KAM PENDING HO GAYE, AUR JETHLIJI KO WAHAM HO GAYA HAI KI PROFESSIONAL INSAAN AADMI NAHI MACHINE HAI, RAHAM KARO SIR PLEASE EXTENDED THE DATE OF TAX AUDIT A.Y. 2017-18

  2. ROHAN JAIN says:

    IT INFRASTRUCTURE OF INDIA IS TOO POOR.
    INCOME TAX WEBSITE NOT WORKING , GST IS ALL MESS UP……..

    INDIA NEED SWACH BHARAT OF IT SYSTEM NOT FOR GARBAGE

    KYA HOGA INDIA KYA…..?????????

    ICAI HAS NO POWER . WE CAN SEE THIS IN THE MATTER OF GST.

    ALL CA’S ARE THEMSELVES ENEMY TO EACH OTHER IN FRATERNITY.

    POLITICIANS ARE LOOTING TAXPAYERS MONEY AND HAVING 35 LACKS CARS ETC VILLA

    GOVERNMENT IS TOO POOR IN IT.

    INDIA IS STILL BACKWARD IN IT …….

    1. ROHAN JAIN says:

      modiji himself said before he was cm that GST cannot be launched without strong IT infrastructure ..

      thora pressure hota hai to pura website hi kam karna band ho jata hai,..

    1. Chandan Kumar says:

      Absolutely right, No value of ICAI request letter to Govtt, Bajay kisi aashwasan yaa response ke ulta ussi kaa tuglaki farman le aaye aur professionals ki tension badha diya,

      Kam se kam yes to yes no to no ka hi message le aate

    2. Deepk Soni says:

      THE HIGHEST ACCOUNTING BODY IN INDIA IS POWERFUL AS FAR AS ITS MEMBERS ARE CONCERNED AND HAS NO VOICE BEFORE THE GOVERNMENT AND THE BUREAUCRATS WHERE IT SIMPLY KNEELS DOWN SILENTLY.

  3. GANESH says:

    SIR ABHI 40 REPORTS BAKI AUR 3 DIN ME POSSIBLE NAHI NAHI DATE BADANA HE TO PHELI DEACLER KARNA CHAAHIE ABHI POSSIBAL NAHI ALL REORTS FILE KARNA

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