Representation to CBDT requesting for extension of time for submission of Tax Audit Reports and related returns from 30th September, 2019 to 30th November, 2019
Section 44AB of the Income-tax Act, 1961 requires the assessee to get his accounts audited by an accountant before the specified date and furnish the same by that date, which for the AY 2019-20 is 30th September, 2019. Further, the due date for filing ITRs for assessees falling under clause (a) of Explanation 2 to section 139(1) of the Income-tax Act, 1961 for AY 2019-20 is 30th September, 2019 which is also fast approaching. In other words, the ‘specified date’ for the purpose of audit of accounts and furnishing report of such audit under section 44AB of Income-tax Act, 1961 is the due date of filing return of income under section 139(1) of Income tax Act, 1961.
Considering the probable hardships and concerns raised by members, the Direct Taxes Committee of ICAI has represented to the CBDT to extend the time for submission of tax audit reports and related returns from 30.09.2019 to 30.11.2019. We would like to inform members that based on the feedback about the various technical and practical difficulties being faced by tax payers in filing of the new forms of returns of income for AY 2019-20, the difficulties being faced by the taxpayers in filing the ITR Forms as well as tax audit report under section 44AB by 30th September 2019 have been conveyed to the CBDT vide a representation dated 16th September 2019. ICAI is also regularly following up with the office of the CBDT for consideration of its request for extension of due date of Income Tax Returns and TAR filing.
Some of the hardships (in brief) detailed in the above-mentioned representation are as follows:
1. Delay in release of utilities & continuous and regular updation in the Schemas of the ITR Form filing utility
2. Detailed information to be provided in ITR forms requires time
3. Extension of due date of filing ITR forms for AY 2019-20 from 31st July, 2019 to 31st August, 2019
4. Natural calamities like floods disrupting normal life in large parts of India
5. Other Statutory Obligations
This is being issued for the information of the members.
Direct Taxes Committee of ICAI
Details of Other Representation
|S. No.||Dated||Submitted by||Link|
|11.||19.09.2019||The Punjab Accountants Association||Extend due date for filing audited Income tax reports / Returns|
|10.||16.09.2019||Western Maharashtra Tax Practitioners’ Association||Extend due date for filling tax audit reports & related Income tax returns|
|9.||17.09.2019||District Taxation Bar Association (Direct Taxes), Ludhiana||Extend last date of filing of ITR & Tax Audit Reports to 15.11.2019|
|8.||16.09.2019||Tax Bar Association, Jodhpur||Extend due date for filing Tax Audit reports and ITR to 30 November 2019|
|7.||16.09.2019||The Chamber of Tax Consultants||Extend due date to file income tax return and tax audit report|
|6.||13.09.2019||All India Federation of Tax Practitioners||Extend due date to file ITR & tax audit reports by one month|
|5.||11.09.2019||All Gujarat Federation of Tax Consultants||Extend Tax Audit and related ITR Filing Due Dates|
|4.||19/08/2019||BCAS and 4 Others||Representation on Income Tax and GST Issues faced by taxpayers|
|3.||13/08/2019||Goods & Services Tax Practitioners Association of Maharashtra||Extend GST, Income Tax and other due dates falling in Aug & Sep 2019|
|2.||10/08/2019||Karnataka State Chartered Accountants Association||Extend Due Date for Filing of Income Tax and GST Returns|
|1.||18/07/2019||Tax Bar Association, Jodhpur||Extend due date for filing of Income-tax returns to 30th Sept 2019|