Sponsored
    Follow Us:
Sponsored

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

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

22 Comments

  1. Saraswathy says:

    Respected Sir/Madam i forgot to give accept from my client portal for the assessment year 2021-2022. now i am trying to give accept. but the final stage it is returned to home page. what is the remedy for this issue. please give a suggestion

  2. 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

  3. 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 …….

  4. 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

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031