CBDT extended due date for furnishing Tax Audit report u/s 44AB of the Income Tax Act, 1961 for AY 2014-15 from 30.09.2014 to 30.11.2014 in case of assessees who are not required to furnish report under section 92E of the Act. Mysteriously the order is silent about the extension of due date for filing returns. As we are all aware audit report needs to be furnished first before filing income tax returns for audit assesses. However the CBDT order remains unclear on this subject.
Schema will be available at the website of Income Tax Department within a couple of days with the facility to import already filled data in the previous utility.

F.No.133/24/2014-TPL

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Online GST Certification Course by TaxGuru & MSME- Click here to Join

(CENTRAL BOARD OF DIRECT TAXES)

Room No. 147 B-II, North Block

New Delhi, the 20th August, 2014

Order Under Section 119 of the Income-tax Act, 1961

In exercise of power conferred by section 119 of the Income-tax Act (‘the Act’), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014.

2. It is further clarified that the tax audit report under section 44AB of the Act filed during the period from 1st April, 2014 to 24th July, 2014 in the pre-revised Forms shall be treated as valid tax audit report furnished under section 44AB of the Act.

(J.Saravanan)

Under Secretary (TPL-III)

More Under Income Tax

Posted Under

Category : Income Tax (25148)
Type : Notifications/Circulars (30296) Orders (480)

0 responses to “Due date of Tax Audit Report for AY 2014-15 extended to 30.11.2014”

  1. Mahendra Verma says:

    Respected Sir,
    Please Solve my Problem recording to Notice.

    Subject is “Your Return of Income for AY-2014-15 Notice Under Section 139(9) of Income Tax Act 1961”

  2. Paresh P.Kumar says:

    Respected Sir, please give me your clarification regarding assesse obtained audit report U/s 44AD, is it mandatory audit report should be uploaded in C.A portal for the assessment year 2014-2015

  3. Parveen says:

    sir,
    please give me the detailed information oF last date of submission of non audited IT returns under section 44AD 2014 -15.

  4. swati says:

    WHAT IS THE DUE DATE OF SUBMISSION OF THE REPORT U/S.44AB THOSE WHO ARE REQUIRE TO FURNISH THE REPORT U/S.92E FOR F.Y.2013-14 ?

  5. kavitha murthy.y says:

    which date should be mentioned in furnishing Audit report filled in itr forms.when audit date is extended upto nov’2014. but itr from submitted before sep’2014.

  6. SUKHA RANJAN KAR says:

    WHAT IS THE DUE DATE OF SUBMISSION OF THE REPORT U/S.44AB THOSE WHO ARE REQUIRE TO FURNISH THE CERTIFICATE U/S.92E FOR F.Y.2013-14, A.Y 2014-15 ?

  7. RAJ K SHUKLA says:

    SIR, IT IS QUITE STRANGE THAT THE DUE DATE FOR FILING TAX RETURNS OF ASSESSEES SUBJECTED TO TAX AUDIT UNDER SEC 44AB HAS NOT BEEN SPECIFICALLY EXTENDED FROM 30-09-2014 TO 30-11-2014. CBDT MAY LOOK INTO THIS ASPECT URGENTLY AND ISSUE NECESSARY NOTIFICATIONS.

  8. RC Nadig says:

    Sir,
    Why tax audit is required for Income Tax purpose, only if the turnover is above 1 cr. why not for others? As income tax is self declaration why you do not trust assesses if the turnover exceeds one crore? why you need some one to certify? what are the parameters to fix the 1 Crore limit?

  9. Aviansh Mohan says:

    Dear Sir,
    I want to add that a tax audited return can not be filed before 30.11.14 in absence of information as regards the date of tax audit report and date of submission of the return which is necessary to be mentioned. Without mentioning this information valid XML can not be generated. A tax audited return can only be filed if the liability to get the accounts audited is omitted from the field. Which is impossible to omit while filing the tax audited return. This is a genuine technical problem without any solution at present.
    Thanks
    Avinash Mohan Advocate
    Kanpur.
    Mobile 9235555130

  10. atul says:

    sir please give notification copy , if date is extend for filing of IT return also in case of Audit U/s 44AB

  11. NSG says:

    Dear Mr.Sreekantan

    The government shouid immediately amend the Advocate S Act and allied laws to allow the Cost Accountants and Company Secretaries to appear in High Courts and Supreme Court.Further,The Government should form Special courts to deal with long pending Tsx Disputes and TAX PRACTITIONERS should be appointed as JUDGES there…MR.EFFICIENT Sreekantan please begin a movement for this…..

  12. CA.M.G.Manoj says:

    You cannot uplod ROI without tax audit report. So the due date for filing ROI will also automatically gets extended to 30.11.2014. Pls share your opinion about this.

    • t.v.sreekantan says:

      IT IS WRONG ON THE GOVERNMENT AND CBTD TO EXTEND THE DUE DATE FOR OBTAINING AND FILING THE TAX AUDIT REORT TO 30/11/2014.THIS CLEARLY SHOWS THE
      INEFFICIENCY OF CHARTERED ACCOUNTANTS.KINDLY LIMIT THE TAX AUDIT TO 20 NOS INCLUSIVE OF CASES FALLING UNDER SECTION 44AD PER CHATERED ACCOUNTANT.THIS
      IS THE CORRECT TIME TO AUTHORISE ALL THE PROFFESSIONS VIZ INCOME-TAX PRAC
      PRACTITIONESRS,TAX ADVOCATES,COST ACCOUNTANTS [AS IN SECTION 63 OF GUJARAT VALUE ADDED TAX ACT] AND COMPANY SECRETARIES [AS MENTIONED IN SECTION 320[2] AND SECTION 88 OF THE DIRECT TAX CODE 2013] THROUGH AN ORDINABCE.

  13. BSKRAO says:

    LATEST RTI TO MCA : Indian economy is growing at an average rate of 5%. Hence, I want to know that requisite annual output of Practicing Chartered Accountants inducted to the stream of Indian economy on regular basis, to support voluntary compliance in all Indian taxation laws. The Institute of Chartered Accountants of India is administered by Ministry of Corporate Affairs. Therefore, kindly provide me “Financial Year” wise “Output of Number of Registered Chartered Accountants”, “Number of Registered Chartered Accountants opted to take Certificate of Practice” and “Number of Registered Chartered Accountant deleted from the list of Certificate of Practice” as per the format enclosed as Exhibit-A, U/s 6(1) of Right to Information Act.

  14. BSKRAO says:

    DEAR ALL TAX PROFESSIONALS, KINDLY READ THE ABOVE NOTIFICATION ALONG WITH SECTION 44AB, SECTION 139 & NOTIFICATION ISSUED FOR UPLOADING THE TAX AUDIT REPORT, YOU WILL GET ANSWERS TO ALL YOUR QUESTIONS ? OR CONSULT LEARNED TAX ADVOCATE IN THE MATTER.

  15. BSKRAO says:

    TO,

    TAX POLICY DIVISION,
    CENTRAL BOARD OF DIRECT TAXES,
    NORTH BLOCK,
    NEW DELHI-110001

    (1) Information provided by Directorate of Income-Tax (Systems) against application filed U/s 6(1) of RTI Act furnished to your good office. Herein, your good office will find particulars of Income-Tax admitted in return filed for the Asst. Year 2012-13 & 2013-14 that relates to ITR-1, 2, 3, 4, 4S, 5 & 6 both covered by tax audit & not covered by tax audit separately.

    (2) Herein, learned officials in Tax Policy Division of CBDT will find that Inocme-Tax admitted as per return filed in ITR Form No.4S which relates to presumptive taxation linked to tax audit clause is just Rs 1,137/- crores & Rs 1,543/- crores for the Asst. Year 2012-13 & 2013-14 respectively.

    (3) Because of inserting presumptive taxation scheme (Section 44AD) linking the same to tax audit clause (Section 44AB), resulted in unemployment of Non-CA Tax Professionals & full employment to Chartered Accountants.

    (4)It has been recently observed by intelligent officials of Income-Tax Deptt. in Survey Wing that many dealers are invoking Section 44AD of Income-Tax Act to file their returns, keeping the turnover at below tax audit limit & are owning assets worth more than crores.

    (5) In presumptive taxation scheme (Section 44AD), it is evident that the Deptt. is deriving revenue in the range of just Rs 1,000/- odd crores. Now the Deptt. should think that, is it fair to retain presumptive taxation scheme (Section 44AD) in Income-Tax Act to provide full employment to CAs, that too at the cost of Non-CA Tax Professionals and Govt. revenue.

  16. deepak says:

    pl clarify as soon as possible

  17. deepak says:

    sir

    pl clarify audit u/s 44ab whether itr will be filed on or before sept. if answer yes pl changes columns of itr urgently .As per cbdt audit schema already relased but software will take time upto this month end to release. Keeping all scenario what ever to be done pl done it urgently so that professional will not be panic.

  18. PARAMESH .T says:

    Recently Due date for furnishing Audit Report was Extended from 30-09-2014 to 30.11.2014 form A.Y.2014-15.whether the same date i.e.30.11.2014 is applicable for filing Income Tax Return (ITR-V),for Same Tax Audit Assessee’s.
    THank’s alot for for Replie’s.

  19. AMIT S says:

    Simple Query but no clarification yet from such department.

    Even if someone wants to file ITR before Audit Report then what date of Furnishing of Audit Report to be mentioned?

    And Date of Audit Report?

    As now audit report can be prepared and signed upto 30.11.2014.. so if the Audit Report is prepared and Signed on 01.11.2014 then how can be file the return before 01.11.2014 ?

    Do we need to assume the Date of Audit Report and Date of Furnishing of Audit Report while filing ITR.

    And Will the ITR accept Future Date?? 🙂

    • t.v.sreekantan says:

      SECTION 44AB IS CREATED FOR THE WELFARE OF A PARTICULAR PROFESSIONAL BODY.
      GOD ALONE CAN SAVE THE ASSESSEE

  20. t.v.sreekantan says:

    Respected Finance Minister Sir,
    Please scrap audit u/s.44AB of Income-tax Act,1961.This is very expensive and waste of time.This is beneficial only for a particular professional and the said professiobal miniting money. So scrap the Tax Audit through an
    ORDINANCE IMMEDIATELY and simplify the filing of INCOME-TAX RETURNS

  21. Vinay Kumar says:

    I Am Vinay Kumar – Jhawala, Allahabad, Sir Kindly Attaintion Please I Very Busy For Book Maintaining, Please Income Tax Audit Due Date 31-12-2014

    Thanks
    Vinay Kumar
    President Allahabad Accounting Assocition

  22. SUJIT DAS says:

    HOW CAN I UPLOAD RETURN WITHOUT TAX AUDIT REPORT WITHIN 30.09.2014 FOR THE ASSMT. YR. 2014-15, ARE THE DUE DATE OF E-FILLING INCOME TAX RETURN EXTENDED FROM 30/09/2014?

  23. CA V.RAJAMANI says:

    IT IS QUITE STRANGE THAT THE DUE DATE FOR FILING TAX RETURNS OF ASSESSEES SUBJECTED TO TAX AUDIT UNDER SEC 44AB HAS NOT BEEN SPECIFIALLY EXTENDED FROM 30-09-2014 TO 30-11-2014.
    CBDT MAY LOOK INTO THIS ASPECT URGENTLY AND ISSUE NECESSARY NOTIFICATIONS.

  24. C A K C AGARWAL says:

    The date of filing the return has not been extended, it is very surprisingly how the return can be filed without being the tax because, because the name of auditor, date of signing the audit report, and date of submitting the audit report had to be submitted. without these information, the return can not be submitted, it has been due to oversight, it should be corrected without fail

    k c agarwal ,Alld.

  25. HARPREET SINGH says:

    SIR IF IT IS POSSIBLE TO MAKE ALL YOUR POSTS DOWNLOADBLE IT WOULD BE VERY BENEFICIAL FOR ALL US.

  26. Amit Surana says:

    Well its really strange to see that CBDT is expecting the professionals to file the ITR before Audit Report…
    Or they want us to prepare Audit Report without using the xml utility and file ITR before 30.09.2014 and then again input all this Audit Report detail in the departments schema and file the same before 30.11.2014.
    So it means this is not a relief infact a double work for all of us, as if all CA and Consultants are not human and they dont have any other commitments in life.. They dont have Family and Festivals to enjoy..
    Why cant CBDT bring changes for next AY in advances instead applying the same from current AY.
    A real hardship to all.

  27. R. K. Kotian says:

    Assessee is required to furnish the audit report under section 44AB before the “specified date”. “Specified date” in relation to the accounts of the assessee of the previous year relevant to the assessment year means the due date for furnishing return of income under sub-section (1) of section 139. Hence for assessees liable to file audit report under section 44AB due date for furnishing the return gets extended to 30th November, 2014 under this Order.

    In my opinion, the due date for filing returns in case of assessees, though liable to get their accounts audited under various laws, but are not so required to get their accounts audited under section 44AB is not extended.

    Hope the Finance Department will clarify on this issue to avoid consequences not intended.

  28. B.Chackrapani Warrier says:

    Reviling is reserved. Any way thanks to Govt.

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