ICAI has further requested CBDT to extend time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018 as CBDT has not followed Norms of Earlier Years of discussing Important Changes in Tax Audit Report with ICAI, there was Constant changes in Utilities relating to Tax Audit Forms, Delay in release of utilities and there were Issue in utility of ITR Form No. 5.
ICAI has made a Similar Representation earlier on 31.08.2018 which can be accessed at the following link- Extend Tax Audit Due Date to 31st October, 2018: ICAI
ICAI has made its thirs representation on 17.09.2018, which can be accessed at the following link – Extend due date to submit Tax Audit Reports & ITR: ICAI
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up by an Act of Parliament)
ICAI/DTC/2018-19/Rep – 34
10th September, 2018
Shri Sushil Chandra Ji,
Chairman,
Central Board of Direct Taxes,
Ministry of Finance,
Government of India,
North Block,
New Delhi-110 001.
Respected Sir,
Further submissions: Reg. our representation dated 31st August, 2018 for extension of time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018.
This has a reference to the representation no. ICAI/DTC/2018-19/Rep — 27 dated 31st August,2018 submitted to your good office with a request for extension of time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018.
As you are kindly aware that ‘ICAI, being a partner in nation building, has always tried to strengthen the relationship between the taxpayers and the Department by placing before your good office, the difficulties being faced by assessees in respect of matters relating to direct taxes for appropriate solution. In view of the same, members have raised their concerns which were enumerated in the aforementioned representation.
In addition, to our above submissions, please kindly consider further submissions as follows:
Page Contents
1. Norm followed in earlier years:
It is pertinent to mention that in the year 2006-07 when the tax audit report was revised through Notification No. 208/2006 dated 10,8.2006, the same was made effective prospectively for AY 2007-08 and not retrospectively. Intact, in the AY 2006-07, despite of applicability of new forms prospectively, the due date of filing tax audit reports and their corresponding ITR were extended to 30th November, 2006. Similar approach should have been adopted this time also.
2. Constant changes in Utilities relating to Tax Audit Forms:
Continuous and regular updations are being made to the utility of Form No. 3CA/3CD and 3CB/3CD. Recently, the department has released/amended the utility of Form No. 3CB on 7th September 2018. Due to the frequent changes in the utilities, tax payers are facing difficulties in filing their tax audit reports efficiently as they need time to digest the changes. Such changes are causing further time consumption on the part of members.
Further, the changes made in the utility on 1st September, 2018 in Clause No. 9(a) of Form No. 3CB, there is a requirement of mentioning the details of the partners of the firm, which is a mandatory field. The present utility does not allow the assessee to enter any data in this field and the field is locked, inspite of the status of the assessee selected as partnership firm. Kindly refer to the representation no. ICAI/DTC/2018- 19/Rep – 32 dated 07th September,2018 highlighting the same. There has been no further update in this matter and the partnership firm’s auditors are not able to complete their audits due to this error.
The relevant screenshot of the error is as below:
3. Delay in release of utilities:
Due to the delay in e-enabling of return forms, the effective time available for filing of return of income became very less, causing genuine hardship to the assessees and members of the profession. The table below shows the effective time available for filing return of income/tax audit report(TAR) of A.Y.2018-19 whose last date for filing return of income/TAR falls due on 30th September, 2018:
S. No. |
ITR Forms/ TAR |
Time
|
Date of Notification |
Date of enabling E-Filing |
Delay in release of
|
Effective time available for filing of return of income/ TAR (from the date of
|
Numb er of
|
Last modified date |
| 1 | ITR 3 |
days | 03.04.2018 | 18.05.20 18 | 48 days |
135 days | 5 | 07.09.2 018 |
| 2 | ITR 5 & 7 | 183 days | 03.04.2018 | 21.05.20 18 | 51 days |
132 days | 5 | 01.09.2 018 |
| 3 | ITR 6 | 183 days | 03.04.2018 | 26.05.20 18 | 56 days |
127 days | 4 | 14.08.1 8 |
| 4 | Form 3CA,3CB, 3CD | 183 days | 20.07.2018 | 20.08.20 18 | 143 days | 40 days | 5 | 07.09.2 018 |
The relevant screenshots of ITR Forms & Form 3CD utilities updation are as under:
The main cause of concern for our members is that they need sufficient time to discharge all their professional obligations in an effective manner. It is also to be noted that whenever there is a schema change and the release of new utility by the CBDT, it requires time to understand the changes made in comparison to the earlier version. It is also seen that whenever the new utility is released, there are issues specially relating to the blocking of the mandatory fields for reporting, resulting in delay for completion of audit (Refer Point-2 for blocking of Clause 9(a) field).
Many assessees and auditors are using the softwares which are prepared by the software providers, based on the schema released by the CBDT. The software vendors take almost around a week’s time to update the software after the schema is released, due to which the working days get reduced.
More particularly, it is also our concern that the quality of audit conducted by them should not be compromised in any manner due to lack of sufficient time.
4. Issue in utility of ITR Form No. 5:
At present, the utility of ITR Form No. 5 is computing the late fee under Section 234F of the Income-tax Act, 1961 which is actually not leviable/applicable, since the return is filed within the time specified under the provisions of Section 139(1) of the Income-tax Act, 1961. Kindly refer to the representation no. ICAI/DTC/2018-19/Rep – 31 dated 07th September,2018 highlighting the same issue.
The relevant screenshot of the error is as below:
Reiteration of Suggestion:
In view of the above reasons and the reasons stated in our earlier representation, we suggest and request that the due date of filing returns of income under section 139(1) of the Income-tax Act, 1961 for assessees mentioned under clause (a) of Explanation 2 to section 139(1) and also the ‘specified date’ for filing tax audit reports be extended from 30th September, 2018 to 31st October, 2018 for AY 2018-19 as also the due date for filing tax audit reports.
We reiterate our request to grant an appointment to the undersigned as per your convenience to enable us elaborate our viewpoints.
We hope that our concerns would be favourably considered.
Yours faithfully,
-Sd‑
Chairman, Direct Taxes Committee
The Institute of Chartered Accountants of India
GST Must be tallied then only accounts will be good manner . we are doing gst works till the date i am a accountant of private concern i have to file 7 account now only i am preparing accounts i am not able to file the accounts within the deadline period, So, The Government should consider my request please extend the date up to November 2018.
dear sir pls extend due date of tax audit to 31st oct.2018
Sir, Please extend the Tax audit Report date as there has been severe calamity in Kerala and many people all over the country are focussing on helping them.
Secondly some of the states will have major festivals like Navratri going on. Due to These public reasons , it would be a humble request to extend the due dates for Filing Tax Audit Report . Thank You
Should ICAI not go to the shelter of Court to explain their problems, extension for further due date as 31.10.2018 or 30.11.2018 ?
Please extended 44 ab audit filing 31.10.2018
please extended 44 ab audit 31-10-2018
Pls sir extend the due date for filling ITR/TAR for A Y 2018-19 from 30th sept. to 31st october 2018 because all the accounts book not to be finalized as per GST Returns
सर आपसे अनुरोध हैं की आप टैक्स ऑडिट की तारीख बढाने की कृपा करे धन्यवाद !
Dear sir,
Pls extend due date of tax audit there are so many problem facing. In GST return not matched and take so many time for finalization so pls extend the due date.so plz…
Sir, Pls Extend due date to 31st October 2018 for Tax audit .
please extentend due date 30 sep -2018 to 31 oct 2018
Pls Sir extend due date of tax audit AY 2018-19 Sep. 2018 to Nov. 2018 because of i am a tax consultant & an accountant and facing may more problem in finalization of Books of Account due to GST and VAT impact in accounts and need some time. so, plz extend said date as early as possible other wise many tax consultant & accountants will have to tense and traces and problem in own’s hearth and admitted in hospital due to high blood pressure.
Dear sir,
Pls extend due date of tax audit there are so many problem facing. In GST return not matched and take so many time for finalization so pls extend the due date.
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018:
PLEASE EXTEND 30TH SEPTEMEBER’18 TO OCTOBER’18 AND ANNOUNCE IMMEDIATELY
Dear Sir,
Please extend due date Tax Audit from 30 sept to 31st Oct, 18 bcz i am a accountant and facing may more problem in finalization of Books of Account due to GST and VAT impact in accounts and need some time. so, plz extend said date as early as possible other wise many accountants will have to admitted in hospital due to high blood pressure..
If CA and Tax consultants stop to work, what will impact on Tax collection. Whether Govt is able to collect the tax. The tax collection is only due to compliances from CA and Tax consultants. One partner is not respecting to other partner’s suggesion. FM and CBDT not respectiing to people of India. This happens only in India.
Guru please extend karo
If late fine and penalty will be the source of revenue then it will be a catastrophe. Tax payer and GSTIN holder were tolerate this this from the time of demonetization, Gst Introduction, Forcefully the due date of Income Tax Return (Other Than Audit) was fixed earlier from Mar19 to aug19. Now Tax Audit, TDS, Gst etc etc. and tolerance increases. Definitely one day the mass people will react and that day will be the last. Govt will act always like the Father and Mother of the nation. They will introduce all the required advancement for the benefit of the country by which the system is incorporated/generalized step by step through the general people. But it seems all the systems are forcefully imposed. So all we have to think once again what we should have to do in future.
Reply
It is learned from the confirmed sources of our confirmed sources that #CBDT is in favour of extending TaxAudit Due Date by 1 month. Notification by Monday evening. But my request is to continue working till we get notification officially. Happy Working.!!!
The finance Ministry is in the inferiority complex, that if they extend the date of filing, if may suffer with loss of revenue collection, though they dont have confidence that for the assessee the chances are very less for making any kind of adjustments in the preparation of statements, because after GST comes the very good control happens on every transaction of sales and purchases. GST itself taking more time of Auditors and consultants. .. and the govt fails to understand this…
DEAR SIR
PLEASE EXTENDED DUTE OF TAX AUDIT A.Y 2018-19 SEPT-18 TO OCT-18
Dear Sir
Please extended the tax due date from sept-18 to oct-18 this is surya narayan accountat from shahjahanpur u.p
Dear sir ,
please be aware that the utilities for filling ITR 3 has came on portal updated late by 48 days and also TAR has also been ammended more than 5 times till 7th of september 2018 from time to time which caused huge burden to CA offices ,Also the first year of GST reports are very tough to preparation bcz the financials year 2017-18 is falling under two main tax regemes like VAT and GST . so kindly extend the date upto 31th october 2018
Dear Sir,
Please extend due date of Tax Audit This Year is the Ist Year of Gst so mismatching of Gst Reconciliation take much time required if I have 100 Tax Audit then how I complete in short time so request for extend from Sep. 30 to Oct. 31
Virender Kumar
If late fine and penalty will be the source of revenue then it will be a catastrophe. Tax payer and GSTIN holder were tolerate this this from the time of demonetization, Gst Introduction, Forcefully the due date of Income Tax Return (Other Than Audit) was fixed earlier from Mar19 to aug19. Now Tax Audit, TDS, Gst etc etc. and tolerance increases. Definitely one day the mass people will react and that day will be the last. Govt will act always like the Father and Mother of the nation. They will introduce all the required advancement for the benefit of the country by which the system is incorporated/generalized step by step through the general people. But it seems all the systems are forcefully imposed. So all we have to think once again what we should have to do in future.
No chance at all.
Dear sir,
Pls extend due date of tax audit there are so many problem facing. In GST return not matched and take so many time for finalization so pls extend the due date.so plz…
Dear sir,
Pls extend due date of tax audit there are so many problem facing. In GST return not matched and take so many time for finalization so pls extend the due date.
Mr Jaitely Has Given road Map that Don’ t extend due date, Late Fees and Penalty will add on Revenue Deficiency’ even income tax department set target to achieve Rs 12 Crore Collections
Dear Sir,
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018
FOLLOWING REPORT SAY NO EXTENTION OF DATE taxscan.in/due-date-extension-cbdt-returns-tax-audit-reports/28586/
PLEASE CONFIRM
Respected Sir,
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018
Dear Sir,
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018.
Sir what is this latest news that cbtd is not going to extend date what is this. If this happens Certainly we will be in big big trouble. Do anything for this extension sir
Please sir date 31st oct kariye .every is in prasser
Please sir date ko aage badaye
Please respond on the Issue of Due date and extend 30.11.2018…..for
convenient of Business people and Professionals
Lot of Pressure facing with GST website
Dear sir reqested,
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018 plsss lots of wokss burden
Sir please extend the date, Please let us know will extend or not sir.
Dear sir,
The request is reasonable. Kindly extend the date to 31.10.2018.
Please sir extend the date immediately.
Pliz 31.10.2018
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018
Sir please extend the date
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018
Please extend tax audit due date to 30 November 2018
what is final conclusion..?
date extended or not…?
Please respond on the Issue of Due date and extend 30.11.2018…..for
convenient of Business people and Professionals
Lot of Pressure facing with GST….
Dear Sir
Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018