Emerging Businesses Chamber Of Commerce has made a representation to FM and Request for Extension of Due Dates for filing Tax Audit, Audit Reports under income Tax Act and ITR for Assessment Year 2020-21. Request was made in view of The Covid-19 Pandemic, Night Curfew and its effect on professional work, Ongoing Farmers Protest in the country against newly enacted Farmers Acts resulting to closing of Borders and for Delay in release of return filing software utilities. Full Text of the Representation is as follows:-
EMERGING BUSINESSES CHAMBER OF COMMERCE
Regd Office: Rz–B-72, F/F Kh No. 82/13 Mahavir Enclave,
Gali No-4 Delhi, South West Delhi-110045
CIN: U74140DL2015NPL282962
Email: [email protected], Mobile:+91-9871047409
Date: 17.12.2020
To,
Smt. Nirmala Sitharaman,
Hon’ble Finance Minister,
Ministry of Finance, North Block,
New Delhi 110001.
Hon’ble Madam,
Sub: Request for Extension of Due Dates for filing Tax Audit, Audit Reports under income Tax Act and ITR for Assessment Year 2020-21.
The Emerging Businesses Chamber Of Commerce, is more than 5 years old non profit organization of tax practitioners of Delhi, having, Chartered Accountants, Company Secretaries and Tax Practitioners as its members. Many senior tax professionals who regularly appear before ITAT, High Courts and the Supreme Court. The Chamber has been making regular representations before various government agencies.
EBCC regularly takes up initiatives to act as a bridge between stakeholders and concerned regulatory bodies in order to convey and help in resolving genuine grievances or effectively implement the laws.
Today, we have come forward with a request of extending the due dates of Tax Audit, Transfer Pricing Audit, various other Audit Reports under Income Tax Act and Income Tax Return filing for AY 2020-21.
Apart from others, this request is based on following major reasons being:
1. The Covid-19 Pandemic, Night Curfew and its effect on professional work:
At the outset we are thankful for the previous extension provided for tax audit and income tax return filing up to December 31, 2020 because of proceeding with pandemic of Covid – 19. The spread and seriousness of the Corona infection has not been diminished and rather it is rising every day, Night curfew continue, Restriction on Keeping workplaces open and so on affecting conducting audit and preparing tax returns. Driving through open transports/train s as well as other public vehicle is confined and not completely operational.
Due to this, few businesses and private workplaces have still not continued working by any stretch of the imagination. This likewise incorporates the workplaces of the Tax Advocates, CA’s, Tax Practitioners and so forth resulting the details required for carrying on tax audit and filing the return of income are not being gotten speedily and accordingly the audits can’t be proficiently performed. Further likewise making a trip to the place of audit is hard for the professionals and their staff especially where interstate travel is involved.
A few our members have been quarantined and have not had the option to work for 14 -21 days which reaches out to a month because of post Covid-19 wellbeing recuperation. Additionally, visiting any audit place opens them to the infection making them inclined contamination. Further, the senior aged professionals and senior aged assessees are persuaded to remain at home. These preventions are making it hard for the assessees, the Tax Advocates, CAs and other Tax Practitioners to comply with the presently extended due dates. We might want to like that for exactly the same reasons that we have referred to above, for example certifiable challenges being looked by the Tax payers because of flare-up of COVID-19 pandemic, Night Curfew the CBDT has prior extended the date for filing Tax audit and income tax return filing up to 31st December, 2020 and 31st Jan., 2021 respectively, but the underlying reason of COVID19 still continuing more vigorously.
2. Ongoing Farmers Protest in the country against newly enacted Farmers Acts resulting to closing of Borders.
Due to ongoing Farmers protests in the country since last few weeks, Professionals and other Tax practitioners are unable to mobilize their work in different cities as borders of different cities especially neighboring cities of Delhi are closed or having restricted movement since last few weeks. As a result visiting client’s location has been a major challenge, which has further delayed the process of completing Tax Audit as well as Income tax filing within the extended period.
While the talks are going on amongst various stakeholders and the matter already being presented in Supreme Court through various petitions, it is quite possible that protest may continue in near future. Considering the security concern, it is quite difficult for professionals to travel and conclude Tax Audits within the extended period.
3. Delay in release of return filing software utilities:
The utilities for the income tax return were made available only June’20 onwards instead of April’20 and latest on updated during first week December, 2020. Usually, the income tax returns are notified in the month of April, but due to the pandemic, the release of the returns also have been delayed on an average by 4 to 5 months. We are submitting the summary return wise as under:
Serial No |
Income Tax Return Form | Schema Release Date | Schema Updation date | Utility Updation Date |
1 | ITR 1 | June 2, 2020 | September 9, 2020 | December 1, 2020 |
2 | ITR 2 | June26,2020. | November4 , 2020 | December 3, 2020 |
3 | ITR 3 | July 31, 2020 | November 9, 2020 | December 1, 2020 |
4 | ITR 4 | June5,2020 | October15,2020 | December 1, 2020 |
5 | ITR 5 | August 25,2020 | November18, 2020 | December 3, 2020 |
6 | ITR 6 | September22,2020 | November 22,2020 | December 3, 2020 |
7 | ITR 7 | September 3,2020 | December 8,2020 | December 8, 2020 |
8 | 3C-3CD | – | November 4, 2020. | ‑ |
9 | 3CEB | – | November 4, 2020 | – |
Although the utilities were released as on the abovementioned dates, the 700+ paged Instructions for filing the return of income were released only on October 23, 2020. These instructions were further revised on November 25, 2020 i.e. just a month before the due date of filing of income tax return, not giving the professionals and assesses enough time to even take a note of the most important points.
These are indeed unusual times and when the dates were last extended one had expected a reasonable resumption of activities — however the second predicted phase of COVID spread resulted in a slow unlock down compared to what was expected and hence the earlier date of December end which seemed reasonable at one time is now looking like an impossibility.
REQUEST: With due respect to the above difficulties faced by the assessees and the professionals, we request your Honor to take them into consideration and extend the due dates for tax audit, transfer pricing audit and other returns under income tax act as under:
Return /Audit Reports | Present Due Dates | Requested Due Dates |
Tax Audit/TP Audit | 31st Dec.,2020 | 28th Feb, 2021 |
Income Tax Return (Audit Case) | 31st Jan, 2021 | 31st March, 2021 |
Income Tax Return (Non Audit) | 31st Dec., 2020 | 28th Feb, 2021 |
The whole fraternity of Taxpayer and Professionals will exceptionally acknowledge if this is done soon enough to permit them to get a clarity and focus to complete the Tax Audit in Professional Manner as conducted in usual circumstances. We look forward for your kind consideration to the genuine request.
CA Nitish Kumar Chugh
Chairman — Delhi Chapter
EMERGING BUSINESSES CHAMBER OF COMMERCE
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kindly extend the due date, very necessary under present satiation.
CORENT CONDITION (CORONA) IT IS NECESSORY TO EXTENED THE DATE FOR OF ITC AND TAX AUDIT. IT IS ALSO REQUESTED THAT FOR VARIOUSLAST DATE MUST HAVE SEPARATE LAST DATEs
PLZ EXTENDED THE DUE DATE
PLZ EXTED DATE
plz extend date income tax return
Mam/sir , I am Abhishek Kumar nayak a small business man situated in nirmali state Bihar due to some problem I have submitted my gst3b 2018 -2109 feb March not in Time oct 20 was last date and submitted Gst 3b 24 oct and same days claim itc due to this Gst department give me 20 lakh notice my annual income is 2 lakh per year how I paid this rupee my business is going to closed I am on the road all business is destroyed pls mam allow me itc claim
Please extend itr and tax audit due dates for F.Y 2019-20
Please extend the due date, given to work under the stringent deadlines, we might make major errors and it is going to be loss for the revenue department
Please extend date
Pl extend the due date up to Feb’2021, because I am a senior citizen, not to clear the pandemic situation.
At howrah, w.b., we are worry about pandemic still now
Please extend date
REQUEST TO YOU PLEASE EXTEND INCOME TAX RETURN AT EARLIEST.
MAM WHY TAKEN DECISION SO LATE, PUBLIC ALREADY IN TENSION DUE TO COVID AND BUSINESS SITUATION IS NOT GOOD.
please extend the due date of itr and audig up to atleast 31/01/2020
Please Ma’am,
Extend the due dates for F.Y. 2019-2020 (Tax Audit ) till 28th February..
We all are suffering from Covid-19 Pendadmic Situations and nowadays night curfew…
Regards,
REQUEST TO YOU PLEASE EXTEND INCOME TAX RETURN AT EARLIEST.
MAM WHY TAKEN DECISION SO LATE, PUBLIC ALREADY IN TENSION DUE TO COVID AND BUSINESS SITUATION IS NOT GOOD.
Accountant and Professinal Person is very Tentation in it Return
Deadline should extended otherwise business person can not do business properly and professional can not give proper attention.
Necessary to extend the due dates of entities falling under tax audit and non-tax audit (Indiviual, HUF). Our office is functional only twice a day as employees are required to travel far to reach the office situated approx 70-80 km from home.
Please Ma’am,
Extend the due dates for F. Y .2019-2020 (Tax Audit )
We all are suffering in Pendadmic Situations….!
Regards,
Why Extension is Needed beyond 6 months ?
No Income . No Confusion . Filing is Easy .
Lockdown is become Excuse not to pay Salary.
Lockdown is become Excuse not to file Income Taxes.
Extend due date and announce as soon as possible, so that heart beating came slow down.
PLEASE EXTEND DATE TAR
PLEASE EXTEND DATE TAR AND IND
NECESSARY TO EXTEND THE DATE TILL 31ST MARCH 2021 DUE TO VERIOUS CLIENTS AND PRACTIONERS ARE SUFFRING
NECESSARY TO EXTEND THE DATE TILL 31ST MARCH 2021 DUE TO VERIOUS CLIENTS AND PRACTIONERS ARE SUFFRING THE CURRENT SITUTATION
Please extend date