BJP economic Cell (Rajasthan), State Co-Convener CA R P Vijay & CA Sachin Kumar Jain have requested Honble FM to extend due date for submission of Tax Audit Reports and Income Tax Returns from 30 September, 2018 to 31 October, 2018 in the case of corporate assesses and where tax audit is applicable so that quality of Tax Audits may not be compromised.
BHARTIYA JANTA PARTY
CA Sachin Kumar Jain
CA R P VIJAY
Date : 21.09.2018
Shri Arun Jaitly Ji,
Hon’ble Finance Minister
Government of India
The Institute of Chartered Accountants of India and its members arc partners in “Nation Building” and playing important role in growth of Indian Economy.
Tax audit under section -44AB of the Income-tax Act. 1961 is exclusively conducted by Chartered Accountants and before making any change in the format of tax audit report ICAI has always been consulted by the CBDT. This time also The Direct Tax Committee of ICAI was consulted and DTC gave, its suggestions regarding required changes, well in time hut the changes have been affected too late and one such change has been affected on 19.09.2018.
Besides it Turnover under GST and Income Tax is also to he reconciled which need some more time. Sir your good self might know that due date for filing personal and unaudited returns were extended from 31.07.2018 to 31.08.2018 and we professionals are already late by one month.
Sir in such a situation Chartered Accountants are facing problems in conducting error free Tax Audits and request your good self to extend due date for submission of Tax Audit Reports and Income Tax Returns from 30 September, 2018 to 31 October, 2018 in the case of corporate assesses and where tax audit is applicable so that quality of Tax Audits may not be compromised.
Thanking you Sir in anticipation.
CA R P Vijay