All Odisha Tax Advocates Association (AOTAA) requested to consider the genuine difficulties of the Tax Payers and Tax Professionals and to extend the due date of filing of the Tax Audit Reports for the A.Y. 2020-2021 from 31st October, 2020 to 31st March, 2021 and for filing the income tax returns from 30th November, 2020 to 31st March, 2021. Text of the Representation is as follows:-
All Odisha Tax Advocates Association (AOTAA)
Smt. Nirmala Sitharaman,
Hon’ble Minister of Finance,
Government of India, North Block,
Sub:- Request for extension of due date for filing Tax Audit Report and Return for the AY-2020-2021.
Ref –Notification No. 35/2020//F. No. 370142/23/2020-TPL dated 24.06.2020 and our earlier representation dated:-07/09/2020.
In inviting a reference to the subject cited above we, the members of All Odisha Tax Advocates Association, draw your kind attention to the following points for your kind consideration and sympathetic orders:-
01. That the Ministry of Finance, Government of India ,after considering the difficulties faced by the assessees as well as Tax Professionals, was pleased to extend the due date for filing of Tax Audit Report (TAR) for the assessment year 2020-21 from 30/09/2020 to 31/10/2020 vide Notification No. 35/2020//F. No. 370142/23/2020-TPL dated 24.06.2020.
02. That the corona pandemic has greatly affected human being, vaccines are not yet available, the Government is giving emphasis on taking extensive precautions such as ‘stay home, stay safe’, use mask, maintain social distancing, don’t go outside if it is not so important and so on.
03. That there is restriction in travelling from one place to another during this period. Moreover, public transport facilities are also not frequently available for the commuters.
04. That the traders, industries, banks, office of the assessees, Tax Professionals and Auditors are running with limited staff.
05. That the Bank Statements are not made available to the assessees to cross verify the entries with the books of accounts.
06. That some of the staff of the Tax professionals and Auditors are also suffering from COVID-19 and staying in home quarantine and hence the audit of accounts could not be done efficiently so far. There are many instances where some of the staff of the Tax Professionals even practitioners has lost their lives due to the pandemic.
07. That assesses who are senior citizens cannot dare to move outside to contact their Consultant or Auditors.
08. That it is not out of place to mention here that the utilities for the income tax returns were made available only from June’2020 onwards instead of April’2020 and the ITR-6 on 3rd September, 2020. As per direction of the Court the income tax return forms should be notified in the month of April, but due to the pandemic, the release of the return forms also have been delayed on an average by 4 to 5 months.
09. That as per Income-Tax (22nd Amendment) Rules, 2020 dated- 01/10/2020 all the reports prepared before 01/10/2020 needs to be accordingly updated in new form. These amendments of new forms will further require time for the assessees and professionals to carry out the changes for proper compliance. Actually the filling of returns started after the updated forms were available.
10. That under the GST law, any unclaimed and eligible ITC for the Financial Year:- 2019-20 has to be claimed in the GST return for any month but not later than the return of September’ 2020. The due date of filing GSTR-3B for the month of September’2020 is 20th October, 2020, after which, the unclaimed ITC shall lapse, which would be a permanent loss to the assessee. Many assessees might not have claimed eligible ITC properly. Tax Professionals and Consultants have to devote more time to ascertain and cross verify such lapses and suggest corrective actions.
11. That it is very much essential to carefully consider Form No. 26AS and reconcile the information required to be submitted in the income tax return with that of Form No. 26AS. This will require additional efforts and time for the assessees as well as Tax Professionals for identifying and resolving the disputes reported.
12. That the due date of filing of TDS returns for the 2nd quarter of Financial Year:- 2020-2021 is 31′ October’ 2020. Further TCS provisions under section 206C (1H) are made effective from 1″ of October’ 2020, which has increased the compliance burden of the assessees.
13. That the assessees of Odisha are seriously affected due to high flood and continuous rain on account of low pressure. Moreover, interruption in power supply and internet facility has hampered the normal work and as such the delay in uploading the forms.
14. That all the points discussed above are making it practically impossible for most of our members to adhere to the revised dates as per the Notification of the Ministry of Finance, Government of India dated-24/06/2020.
15. That although the CBDT has extended the due dates for filing of the IT Returns, but considering the nation vide situation, it is not at all possible for the assessees to get the accounts audited by 31″October’2020 and file the return by 30th November 2020.
16. That we therefore most earnestly request your Honour to consider the genuine difficulties of the Tax Payers and Tax Professionals and be generous to pass an order to extend the due date of filing of the TARs for the A.Y.:- 2020-2021 from 31st October’ 2020 to 31st March’ 2021 and for filing the income tax returns from 30th November’ 2020 to 31st March’ 2021.
An early action on this aspect will be highly appreciated.
With Kind regards,
For & on behalf of
All Odisha Tax Advocates Association
(1) The Chairman, CBDT, North Block, New Delhi-1 10001,
(2) The Principal Chief Commissioner of Income Tax, Odisha Region, Bhubaneswar-751007 for information and necessary action.
Also Read Other Similar Representations:-
|S. No.||Dated||Made by||Link to View the Representation|
|1.||06/08/2020||C.V.O. Chartered & Cost Accountants’ Association||Representation for relaxation from levy of Section 234A interest|
|2.||25/08/2020||C.V.O. Chartered & Cost Accountants’ Association||Suggestion /representation on 7 Important Direct Tax Issues|
|3.||04/09/2020||All India Federation of Tax Practitioners
Direct Tax Representation Committee
|Extend due date of filing Income Tax Returns & Tax Audit Report|
|4.||05/09/2020||National Association of Tax Professionals
(Haryana – Chapter)
|Request for Extension of Date of Filing of ITR & Audit Report|
|5.||24/09/2020||Zalawad Federation of Trade & Industries||Roll-back provisions of TCS under section 206C(1H)|
|6.||23/09/2020||Lucknow Chartered Accountants Society, Bombay Chartered Accountants’ Society, Chartered Accountants Association (Ahmedabad), Chartered Accountants Association (Surat) and Karnataka State Chartered Accountants Association||TCS- Section 206C(1H)- Request to Provide relief & Clarification|
|7.||13/09/2020||Extend timeline for filing of Return, Tax & Transfer Pricing audit|
|8.||31/09/2020||Ahilya Chamber of Commerce and Industry||Withdraw New Income Tax TCS provisions|
|9.||07/10/2020||Chamber of Tax Consultants||Extend Due Dates for filing Tax/Transfer Pricing Audit & ITR|
|10.||10/10/2020||Tax Bar Association, Jodhpur||Extend due dates of Tax/Transfer Pricing Audits & Return Filing|
|11.||11/10/2020||संभागीय चैम्बर ऑफ़ कॉमर्स एंड इंडस्ट्रीज भरतपुर (राजस्थान)||Extend GSTR-9, GSTR-9C ITR & Tax Audit Due dates|
|12.||12/10/2020||All Gujarat Federation of Tax Consultants||Extend due date of filing of Tax Audit Report & Income Tax Return|
|13.||13/10/2020||Tax Practitioners Association, Indore||Extend dates for filing Tax Audit Report & ITR for AY 2020-21|
|14.||14/10/2020||Tax Bar Association, Bhilwara||Extend Due Date of filing of Tax Audit & Income Tax Return|
|15.||14/10/2020||Gujarat Chamber of commerce & Industry||Extend due date to submit Tax Audit Report & ITR to 31.12.2020|
|16.||15/10/2020||Karnataka State Chartered Accountants Association||Extend due date for filing TAR to 28.2.2021 & ITR to 31.03.2021|
|17.||13/10/2020||All India Federation of Tax Practitioners (CZ)||Request to extend date of filing Income Tax Audit for FY 2019-20|
|18.||NA||Tax Consultant’s Association, Jaipur||Extend due date for submitting Tax Audit Report & IT Returns|
|19.||10/10/2020||Udaipur Tax Bar Association||Further extend due dates for filing of both ITR & TAR|
|20.||08/10/2020||Tax Bar Association, Alwar||Extend due date to submit Tax Audit Report & IT Returns|
|21.||07/09/2020||Tax Bar Association, Kota||Extend due date for submitting Tax Audit Report & filing IT Returns|
|22.||NA||Nagpur Chamber of Commerce Limited||Extend due date for filing of Tax Audit reports, TP Audits & ITR|
|23.||21/10/2020||Lucknow Chartered Accountants Society, Bombay Chartered Accountants’ Society, Chartered Accountants Association (Ahmedabad), Chartered Accountants Association (Surat) and Karnataka State Chartered Accountants Association||Extend Income Tax and GST Audit & Return Filing dates|
|24.||22/10/2020||All Odisha Tax Advocates Association (AOTAA)||Extend due date for filing Tax Audit Report & Return|