CGCTC pray to Finance Minister that due date for filing Income Tax Return u/s 139(1) for the assessee not required to get the books of accounts audited for the Assessment Year 2022-23 should be extended at least up to 31st August, 2022 at earliest.
Central Gujarat Chamber of Tax Consultants (CGCTC)
HON’BLE SMT. NIRMALA SITHARAMAN
The Honorable Finance Minister,
SHRI TARUN BAJAJ
Ministry of Finance,
SHRI NITIN GUPTA
Chairman, Central Board of Direct Taxes,
SUB: REPRESENTATION IN RESPECT TO DUE DATE FOR FILING INCOME TAX RETURNS (FOR NON-AUDIT CASES)
It is respectfully submitted as under:-
Central Gujarat Chamber of Tax Consultants (CGCTC), founded in the year 2011, is an organisation comparing of Tax Advocates, Chartered Accountants, Income Tax Practitioners, GST Practitioners from Vadodara, Bharuch, Godhra, Dahod, Halol, Kheda (Nadiad), Anand, Narmada etc with a strength of around 310 members. Our Chamber has been proactively supporting all the initiatives of the Government by creating awareness and disseminating knowledge among various stakeholders through organising conferences, seminars and study circle meetings. Also, we have been acting as a bridge between Income Tax, Value Added Tax (VAT) Departments, Excise and Customs (Service Tax) Departments, GST Departments, Tax Practitioners and assesses at large.
We would like to bring to your notice that for the assessee, who is not required to get the books of accounts audited are required to file their return of income tax u/s 139(1) for which the due date for filing is 31st July every year. The due date is important for multiple criteria such as carry forward of losses and avoid late filing fees. Also , we all know that compliance burden has not reduced and even when tax audit report u/s 44AB is not required, while filing the income tax return, reporting under various sections and disallowance of expenses due to applicability of the provisions of TDS / TCS under various sections is equally applicable and it requires professional assistance, thorough review of books of accounts and preparation of financial statements in accordance with various applicable standards and provisions.
It needs to be noted that the due dates for filing TDS returns is 31st May every year. With the TDS / TCS provisions on so many transactions, most of the assessee have TDS / TCS credit which needs to be claimed in the Income Tax Return, which also needs to be claimed based on TDS / TCS certificates issued from TRACES and matching with 26AS, as CPC will not allow TDS / TCS credit which do not reflect in 26AS. It is to be noted not only small taxpayers but also corporates, NBFCs and even banks file there TDS data late due to some or the other reasons, which makes it really difficult for the tax payer to determine actual tax liability and tax credits.
Due to this reason, the actual possibility for filing the Income Tax Return starts only after 10th June, which effectively leaves 51 days including weekends and holidays up to due date 31st July.
In view of the above, it is practically very difficult to file Income tax return in case of large number of tax payers by prescribed due date.
We, therefore, sincerely pray that due date for filing Income Tax Return u/s 139(1) for the assessee not required to get the books of accounts audited for the Assessment Year 2022-23 should be extended at least up to 31st August, 2022 at earliest.
For and behalf of
CENTRAL GUJARAT CHAMBER OF TAX CONSULTANTS (CGCTC)
Sanjay V. Patel
Representation on Income Tax Return due Date Extension
|S. No.||Representation by||Link|
|1||Income Tax Practitioners Association||Extension of Due date for filing of Income Tax Returns to 31 August 2022|
|2||Gujarat Chamber Of Commerce And Industry||Extend due dates of Income tax returns from 31.07.2022 to 31.08.2022|
|3||Direct Taxes Professionals’ Association||Request for extension of due date for filing ITR for AY 2022-23|
|4||The Punjab Accountants Association||Request to Extend Income Tax Return due date for Non-Audit & Salaried|
|5||Maharashtra Tax Practitioners’ Association||Extend due date of filing Income tax Return for Non Audit Taxpayers|
|6||All Orissa Tax Bar Association||Extend date for filing Income Tax Returns (non-audited) till 31st October 2022|
|7.||All India Federation of Tax Practitioners (AIFTP)||AIFTP represents Finance Ministry & CBDT for extension of ITR due date|
|8.||HOWRAH TAX BAR ASSOCIATION’||Request to extend due date for filing of ITR for Non-Audit Assessee|
|9.||Gujarat Federation of Tax Consultants (AGFTC) and Income Tax Bar Association||Representation to Extend ITR Due Date of Non Audit Case for AY 2022-23|
|10.||BJP Professional cell, Mumbai||Request to Extend Due date of Income Tax Returns and Tax Audit|
|11.||Central Gujarat Chamber of Tax Consultants (CGCTC)||Request to extend Due Date for Filing Income Tax Returns (For Non-Audit Cases)|
|12.||ICAI||ICAI not in favor of making Representation for ITR Due Date Extension|
|13.||Sikar Tax Bar Association, Sikar||Representation to extend due date of filing ITR to 31st August, 2022|
|14.||Haryana State Tax Bar Association (HSTBA)||Requests for extension of Income Tax Return (ITR) due date|
|15.||GST Practitioners’ Association, Punjab||Request to Extend Due date for filing of ITR to 31st August 2022|
|16.||Taxation Bar Association||Request to extend due date for filing Non Audit ITR to 31.08.2022|