Direct Taxes Professionals’ Association, Kolkata has made a Request to consider extension in the dates of furnishing of Tax Audit Report under section 44AB and audit report under sec. 92E of the Income Tax Act and the due date of filing ITRs of A Y 2020-21.
Smt. Nirmala Sitharaman
Hon’ble Union Finance Minister,
Ministry of Finance, Govt. of India
North Block, New Delhi-110001
Email : [email protected]
Ref: Request to consider extension in the dates of furnishing of Tax Audit Report under section 44AB and audit report under sec. 92E of the Income Tax Act and the due date of filing ITRs of A Y 2020-21
Established in the year 1982 and with the present strength of over 1725 members comprising of Chartered Accountants, Advocates & Tax Practioners, we “DIRECT TAXES PROFESSIONALS’ ASSOCIATION” feel great pleasure in introducing ourselves as one of the premier professional Association in Kolkata. We have been organizing seminars and conferences on topics of professional interest and have also been sending representations to the Government on various economic and taxation issues from time to time.
First of all we wish to thank you for fully appreciating the problems faced by Trade, Commerce and Industry and allowing necessary extensions in all matters since the announcement of Lockdown 1.0
Respected Madam, we further wish to appraise your goodself that in West Bengal, like most of the other States, normalcy in operations is yet to set in as most of the working force commutes by local train and the local train service has not yet resumed. Many of professionals as well as their staff have suffered infection from Covid -19. Therefore in most of the offices working is almost paralysed and the Businessmen as well as Professionals are unable to function.
Furnishing of Tax Audit etc. and submission of ITRs
Respected Madam , As you are aware that the accountants are normally preparing all audit and tax returns data and Audit Assistants of Audit firms do check the same, the compliances related Tax Audit Report under section 44AB as well as audit report under sec. 92E of the Income Tax Act and ITR submission can not be completed in spite of best intentions of the owners to do so, as the staff of their offices and also the assistants in the offices of the Professionals are not being able to attend offices.
In so far as Companies cases are concerned, their due date of holding AGM has been allowed 3 months extension by MCA and therefore almost all companies are likely to hold AGM by 31st December 2020 and since a copy of the audited report is also attached with the Tax Audit Report, it in nearly impossible to complete the furnishing of Tax Audit Report. The Form 3CD for Tax Auditt Report under sec. 44AB as well as Form 3CEB for Report in case of International and specified domestic transactions under sec. 92E have also been recently modified vide Notification No. 82/2020 dated 1.10.2020.
Respected Madam in view of the aforesaid situation, we humbly request to extend the due dates of furnishing Tax Audit Report in Form 3CD as well as Audit Report under sec. 92E to 28th February, 2021 and also pray for extension of date for furnishing the Income Tax returns to 31st March, 2021.
Since the specified date and due date are approaching soon, we would appreciate if your good self would could make an early announcement in this matter so that the entrepreneurs and professionals do not unnecessarily expose themselves to too much stress and risk of Pandemic.
Respected Madam , these are difficult times for the country and the country will certainly look upto your help for addressing these issues.
CA N K Goyal
Adv Narayan Jain
Chairman- Representation Sub Committee
Direct Taxes Professionals’ Association
1. Sri Anurag Singh Thakur The Hon’ble Minster of State For Finanace
2. Sri Ajay Bhushan Pandey Revenue Secretary, Ministry of Finance
3. Shri P.C.Mody, Chairman, Central Board of Direct Taxes,
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|
|25.||22/10/2020||Direct Taxes Professionals’ Association, Kolkata||Extend Tax Audit/TP Audit/ITR due date of AY 2020-21|