CA Rekha Dhamankar


CA Rekha Dhamankar1. DUE DATES OF FILING OF ITR AND TAX AUDIT REPORTS
We all know that the due date of filing of the returns and audit reports are as follows-

31st July – filing of return of income for the people other than whom tax audit under income tax act applies and companies

30th September – filing of tax audit report, Income tax return of the person to whom tax audit under income tax is applicable and companies registered in India.

2. DELAY IN NOTIFYING THE FORMS

The date of filing of ITR, which are due for filing on or before 31st July 2015, was extended by CBDT to 31st August by the Notification dated 10 June 2015. There may be some presumptions made about the notification of the forms required to file ITR at the time of notifying the extension of date. However we want to bring your attention on the point that the forms in fact got notified on 22nd June 2015 and 29th July 2015. The CBDT should have reconsidered the declared extension on the basis of date of notification of the forms. However, no such reconsideration has been made by the CBDT.

We strongly feel that the CBDT should not drag and compel the professionals and professional bodies to make representations before it by such delays in notifying the forms, without which the returns cannot be filed. Ideally the forms should have been notified in the month of April or May to give sufficient time to the people to file their ITRs. In the present scenario the time given to complete all the ITRs is only a month, which is not sufficient. Delay in notification of the Forms, which does not have much changes as compared to last year is not a welcome stage on the background of our growing reputation as the leading “Information Technology Nation” in the world. It is hard to imagine for everyone that it takes so many days to notify the forms. This is clear indication of the “bottlenecks” in the development of the system, which has to be removed with strong supported system and planning.

3. SECOND EXTENSION

Further the date was extended to 7th September vide notification dated 2nd September 2015. This also does not have proper justification that why the date of 31st August was extended on 2nd September when people have taken lot of efforts and wasted their time sitting  on the computer system idle since the website of the income tax department was not working on 31st August 2015

4. NOT SUFFICIENT TIME TO CONDUCT THE TAX AUDITS

Due to the late notification of the forms of ITR and extension of the date of 31st July 2015 to 31st August 2015, the time to conduct the tax audits, getting information for the same from the clients on the basis of changes in the forms of tax audit last year and uploading of the same will not get enough time. Its always argued by the people that the tax audit should have been completed before July and we should not wait till last month. However we all know and agree the other pressures, deadlines and compliances in the profession that ideally and practically it’s not possible. Also it’s very difficult to get the required information from the client in the month of May and June.

We would like to bring to your notice that the audit work has never been and cannot be considered as a “Mechanical work” and it requires expert knowledge, study and proper guidance from the ICAI (the apex body of auditors in India).

On the background of the introduction of new formats for tax audit report introduced last yar, the tax audit report require the auditor to collect hell lot of information and required detailed scrutiny of transactions. It is practically difficult for the auditors to compile the information, since the time is very short. It may affect the quality of the audits. The CBDT is well aware about the fact that the tax audit forms introduced last year are very complicated. Further, the tax audit reports are to be filed and uploaded online which in itself is a massive task.

Ideally the ITRs due on 31st July should get enough time of 2 months after receipt of Forms 16 and 1 6A and tax audit and company audit should get 3 complete months after finishing the work of filing of returns, if we don’t want to compromise the quality of the audit and show true and correct picture in the audit reports.

5. VIEWS OF ICAI NOT TAKEN INTO CONSIDERATION

The Institute of chartered Accountants of India (ICAI), established by an Act in Parliament, is the regulatory body for matters concerning the Audits in our Country. The views of such an esteemed organization always should have been asked for and considered before introducing and implementing such major changes into the system. It is apparent from the facts available that neither the views of ICAI were called for nor the representation moved by ICAI are considered.

6. REPRESENTATION OF THE CHARTERED ACCOUNTANTS AT LARGE ARE NOT CONSIDERED

Lot of chartered accountants from Pune, kolhapur, aurangabad, Nagpur, nashik, sangli, miraj, mumbai has filed representations to CBDT, finance minister to extend the date since the forms are notified on 29th July. The group United cas also filed representations. Also direct taxes committee of institute of chartered accountants, Delhi has tried hard and filed the same. But it hasn’t been taken convenience of by the CBDT.

If we accept and have respect for the Chartered Accountancy profession, and we agree they really contribute a lot in the financial reporting of the assessees and who indirectly helps the country in do its financial planning, they should not be taken for granted and kept on the whims and fancies of the Government.

7. APPLICABILITY OF NEW COMPANIES ACT, 2013

The new companies Act was made applicable from 1st April 2014, which is applicable for the audit of FY 2014-15. The professionals and CBDT can very well understand the complexities involved in it and the time it is going to take. It will take lot of time to conduct the audit of the companies since the new Companies Act demands huge information and keeps lot of expectations from CAs to comply with the requirements mentioned therein.

8. REQUIREMENT OF STRONG AND WELL BUILT SCHEMEA

The schema for the revised formats should be prepared with proper and due care. It has been witnessed in the past that every time when such changes are introduced that the auditors and assesses had to face new changes in the schema even on weekly basis. Everyone would agree that such type of changes are not welcome and is enough to damage the image of the prestigious institution like CBDT.

9. LOT OF FESTIVALS

Last but not the least, there are lot of festivals coming in in Maharashtra like Ganesh Festival from 17th to 27th September lot of other festivals in other parts of Countries in August and September 2015. Early communication of the extension may save them from the stress of time management.

WE STRONGLY PROTEST THE NON-EXTENSION OF THE DATES AND HAVE FOLLOWING SUGGESTIONS –

1. ICAI’S AND OTHER CA’S REPRESENTATION SHOULD BE CONSIDERED AND GIVEN WEIGHTAGE

The Institute of chartered Accountants of India (ICAI) , which is established by an Act in Parliament , is the regulatory body for matters concerning the Audits in our Country and it appears from the representation moved by The Direct Taxes Committee of ICAI to the Hon. CBDT should be taken into consideration. Since the matter is connected with Audits hence the views of the ICAI should be given proper attention and respected. Further the representations of the members of the ICAI who actually does the work and expected to comply the legal requirements should be given weightage The representation given by the ICAI should be accepted and the dates for filing of return should be extended as represented by ICAI and its members at large.

2. EXTEND THE DATE BY TWO MONTHS IN CASE OF TAX AUDIT AND AUDITS OF COMPANIES

We demand that the date of preparation of Tax audit Report, filing of return of the companies and assesses, which are due on or before 30th September 2015 should be extended to 30th November 2015.

you would appreciate that the law itself provides a gap of 2 months between the two due dates of 31st July and 30th September meaning that the lawmakers of this country are aware of the needs of the tax payers, tax auditors and the tax advisors. Accordingly CBDT should respect the intent of the law and provide a period of 2 months for the filing of tax audit and corporate tax returns after 31st August. Further if we consider the complexities involved in New companies Act, one more month should be granted.

If we consider the number of audit each Chartered Accountant can do (which is 60 per CA), it would be non-humanitarian to expect from them to complete all the audits before 30th September 2014 after wasting 2 months of the auditors in notifying the forms for which the due date is 31st July 2015.

3. IMMEDIATE COMMUNICATION OF THE EXTENSION

The decision of the extension of the dates with all clarifications must be issued and communicated / published at the earliest. If this suggestion is accepted, we expect that immediate communication in this regard is issued without waiting for the due date to come closure so that sufficient time is available for the auditors and efforts can be suitably channelized to complete the work in the given time frame. This may lead to proper time planning and reduction of undue stress of completion of the work.

We strongly protest the press release and communication coming from Finance Ministry for non- extension of the date. We protest the reasons given for non extension of time that the audit should be completed before 30th September 2015 since there are no major changes in the form when the CBDT took nearly 4 months time just to notify the forms when there are no major changes in the same.

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0 responses to “Non Extension of Date of Tax Audits & Company Audits – Adamant Views of FM & CBDT”

  1. Kamlesh Kumar Dwivedi says:

    Nationwide all the professionals must unite now and protest in a concerted manner by staging a dharna outside north block, observe fiscal disobedience, ICAI and other bar Associations office bearers should sit on hunger strike, stop payment of advance tax untill and unless CBDT listens us because government is hungry for money . There should be a long march to Arun Jaitely’s house and submission of protest and memorandum. Is it not violation of fundamental rights by depriving the legitimate assessees to file tax return in April, may June and July, Why they are not able to release the form on 1st April itself with schema. The delay in release of form should be coupled with extension of days for equal days.

  2. CA JOJY THOMAS says:

    CBDT and Tax officials are often complaining about the shortcomings in the Tax audit reports attested by CA in several seminars and Other open discussions. CBDT should realise the fact that CAs should require reasonable time to complete the tax audits and to attest tax audit reports so that CAs can properly discharge their duties in the Tax audit front. CBDT has given abundant time to individuals and non-corporate assessees and taking an adamant stand in the case of auditable assessees which is not justifiable. Supporting the extension of due date for tax audit

  3. Narayana swami FCA says:

    This situation is created by CAs them self. When books of accounts was written , very small and big have very good accountants and they were at least writing the Day book daily . Now with IT in place and most of the accounting works are done by Have baked Tally accountants . If there is regular accounting then you can have the financials in the first week of April itself. Here CAs should show the guts to tell their clients to engage Good accountants. Now in the month of September they present some thing called accounts and the CA office staffs are put under enormous pressure for meeting the dead line. Why we CAs get this much involved in the case of Advance Tax , Loss return etc etc. Now the impression given is that all these are the CAs DUTY. Similarly CAs should also learn to discard clients who are not proper with their accounts.

  4. SANJAY THAKKAR says:

    Dear Friends, Prima Facie it seems CBDT is behind tax collection. They will declare extention once their target is achieved. Its their regular policy to give extention at very last moment and till that declaration almost 95% work is done with sleep less nights and lots of stress. Further the efforts all CA puts in by scanning the financial documents and uploading are of no use for professionals as when the assessment takes place the first thing they ask is to submit hard copy of all the documents. ICAI should have serious discussion about this and make life simpler for CA.

  5. t.venkatesh reddy says:

    we the professionals not only helping the govt in the form of tax collection as an advisers to large public and also preparing reports as true and correct. why there so much difficulty to the CBDT to extend time limit given for filing TAR when there is a apparent mistake on their part in notifying the online return forms on time.

  6. Nivedita says:

    insted of asking for extention , and commenting on the issuue …go plz go boys on work ,,,come on you can do it 😉

  7. Mukund Pol says:

    Very good analytical drafting by professional, to highlight almost all key points. Hats of to you skills in drafting.

  8. SHRIGANESH says:

    BUSINESSBY OWN HARD WORK HELP NATION FOR BUILD UP GROWTH AND PROFESSION CA OR ADV ETC PLY ROLE OF MEDIATOR BUT GOVT LIKE PEOPLE COME FOR EMPLOYMENT WITH US AT FREE

  9. CA. Subhash Chandra Podder says:

    Neither Mr. FM, nor CBDT personnel are not conversant the impact of Tax laws , Companies Act 2013 ,
    We the professional are working hard for the Nation but why the FM, CBDT are not appetite and admit of their fault in publicizing the Tax audit forms with the stipulated period . Still in the Income tax web-site changes in jurisdictions were not correct.
    Due date of filing ITax Returns for all category of Tax payers should be extended till 31/10/2015 and 30/11/2015
    This type of adamant attitude is not accepted from the FM, CBDT, Considering the facts and circumstances are carrying since the moth of July/ 2015

  10. B R MANIKYALA RAO says:

    VERY GOOD SUGGESTION IN MY OPINION

  11. GRA says:

    Indian Bureacracy is “our curse to our nation and it is responsible for India’s slow growth and bottle neck , our politicians are fully depend on our worn out useless Bureacracy . These politicians and government can not pass a GST bill in time bound manner is expecting the common public who pay their tax and to file their return in shortest possible Time ? What a cruel joke ? Why we need a minister for any department , Let all administration and governance be managed by the Bureacracy ! NDA is not different from UPA and it is even much worse than the previous government !!!

  12. MANISH JAIN says:

    We Chartered Accountants should go on strike for next 3 days. All over the india all CA firms should be closed for 3 days. No tax return , No audit report filling and No tax payment.

    • GRA says:

      I fully 100% agree to your comment !

    • Narayana swami FCA says:

      Ridiculous suggestion, most of the CAs will not join, such is the unity amongst us. First of all we ourselves have blame. The clients should be educated to engage good accountants and asked to prepare their Book records and financials. In good old days we could see good account books and satisfactory completion of works. Now with IT in place and some HALF COOKED TALLY ACCOUNTANTS are the problem. For their failure the CAs are taking undue stress and put enormous pressure on the Articles and staff by working day and night for finishing the work. Then the remuneration is same. Even in a tailoring shop they ask double the charges for urgent stitching. Here after completion of all works CAs wait till the next time this year for remuneration. We have degraded ourself. No point in helping for collection of Advance Tax etc etc.

  13. CA D.J.GANGADHARA GUPTA says:

    my request to the CBDT and FINANCE MINISTER is to complete the procedures, changes, other modifications inreturns and forms well in advance say for the asst year 2016-17 by / before march 2016. So that the assesses can file the return from 12.01am onwards from 1-4-2016. If they do this we the tax professionals never ask for postponement. The GOVTseems to be all friendly in words . Why not in this. It is from their side the delay is there. I did not understand the rationale behind the govt thinking by giving 37 days time extension for simple and unaudited returns and stating that the same cannot be done for audited cases. As done in last year the govt can postpone the date and pass notification to pay interest for taxes paid on or after 1-10-2015.

  14. C P Biswal says:

    CA institute should learn from the BAR council how to protest.

    • GRA says:

      CA Institute is not aggressive enough as expected , CA’s and Tax consultants are responsible and facilitating for orderly collection of tax to the tune of more than 7.5 lakhs crores across our nation with their untiring hard work , no social life for them every day is due date , one or the otherway . Where as , those who enrich themselves by taking Bribe in their entire life and throug out their carrier are intimidating CAs with non extension ?

  15. C P Biswal says:

    Assessment year means the year in which the income will be assessed. So in my view total year should be allowed to file the returns & any other information including tax audit without any penalty. The due date is a nonsense methodology adopted by some nonsense law makers to collect some revenue through fine. In one hand they are allowing to file the return within 2 years from the end of the year in other hand they are forcing due dates. You take the interest no matter.

    In my view the due date if any should have been 31st March of next year. Otherwise it is a suggestion to those law makers to abolish the word”Assessment Year” & use “Assessment Quarter”, “Assessment half year” etc.

    Further regarding the today’s topic I have following judgements.

    1. Our CBDT/FM/Other IT authorities involved in planning are so inefficient that they take 4 months just to change some simple things. Rather they take 8 months (30th november 2014 to 7th Aug 2015.

    2. They have every right to sleep

    3. They are the kings not the lawmakers as required by our holy Constitution.

    4. After all Mr FM is a cricket administrator & he believes in 20-20 match (now popular than one day matches or Test matches)

    5. Friends we are test/oneday players but we can play 20-20 also. But who only believes in 20-20 they can’t stand for five days. He stood for 1.5 days till date only. Lets pray for his presence for all 5 days of this current test match of the govt. Other good players are there like Mr. Prabhu & Mr. Goel.

  16. kssunder says:

    Under the Income tax Act 180 days time is given from the end of financial yeat for realisation of export proceeds to claim appropriate reliefs and therefore one has to wait until 30th September for exports effected on 31st March and also under VAT laws 6 months are given for return of goods.These positi

  17. MANOJ KUMAR says:

    EXTENDING INCOME TAX RETURNS

  18. C P CHUGH says:

    Though every one is making a good case for extension of due date but to me extension does not help Professionals and results in extended tension (ex-tension). Just see that extension of due date would render most of your DSCs invalid and with the new tough procedure of obtaining DSC, you may find yourself in a soup at the last minute of extended due date. We are aware, in case of extension of due date, most of the ITR and TAR are likely to be filed only in the last couple of days of extended due date. Instead of crying for extension, one should focus on finishing within due date.

    Adv C P Chugh
    99-711-24526

  19. Adv.sudarshan Dargad says:

    Nice write up Ca.Rekhaji. Its certainly an unfortunate and adamant decision of FM/CBDT. It seems they are no where considering professional fraternity and indirectly disrespecting the CAs and tax professionals. While they have wasted whole four months to notify return forms, isnt it itself a sufficient cause to extend the date by themselves. A strong protest like Kam band andolan, protest at every IT office should should be initiated.

    • kssunder says:

      Narendra Modi promised a government which hears the people’s voice. Now we are seeing that the the Governmentis not listening to even common sense

  20. BSKRAO says:

    Non-Advocates are not licensed to practice Income-Tax law in the statue book of Income-Tax Act, but only authorized to issue Tax Audit Report. In this situation, I find that issue in the above article is not relevant to the author and Non-Advocates who made comments in this blog.

  21. DARSHAN KAMDAR says:

    CBDT should reconsider about the extension of filing the tax audit report.

  22. CA RAVI JAIN says:

    MR FM SIR AND CBDT WE ARE HUMAN BEING ONLY NOT MACHINE THAT YOU JUST SAY SOMETHING AND START MACHINE AND ALL THE WORK WILL BE DONE IN DUE TIME. SEE THE REPORTING ASPACT WHATEVER YOU WANT IN FORM OF REPORT IT TAKE LOTS OF TIME. IF YOU WANT THESE REPORTS TO BE FILED IN SEPT MONTH ONLY THEN PLEASE PROVIDE SCHEMA AND AUDIT UTILITY IN THE MONTH OF APRIL ONLY NOT IN JULY AND AUGUST. WE REQUEST YOU TO NOT TO SHIFT YOUR BURDON ON US. AS YOU GIVE THE SCHEMA AND FORM IN THE MONTH OF JULY AND AUGUST AND WANT THE TASK TO BE COMPLETED IN THE MONTH OF SEP ONLY. PLEASE CONSIDER US AS HUMAN BEING

  23. BSKRAO says:

    SANDEEP KANOI SIR, YOU ARE ALSO ACTING AGAINST TRANSPARENCY BY NOT PUBLISHING MY COMMENTS

  24. Harish Chander Bhatia says:

    The professionals must unite now and protest in a concerted manner by staging a dharna outside north block, observe fiscal disobedience, ICAI and other bar Associations office bearers should sit on hunger strike, stop payment of advance tax. Complete abstention from work,assessment,tax, hearing etc. because government is hungry for money . They insult the professional bodies for the lenient ways of requesting. There should be a long march to Arun Jaitely’s house and submission of protest and memorandum. Is it not violation of fundamental rights by depriving the legitimate assessees to file tax return in April, may June and July, Why their babus are not able to release the form on 1st April itself with schema. The delay in release of form should be coupled with extension of days for equal days. –

  25. ADV KAPIL BANGINWAR says:

    Dear FM & Hon CBDT. Plz extend the due dt to file tax audit by 2 month ie. Upto 30 Nov. 2015….Jetley ji krupa kariyo….Plz plz plz..Support me…

  26. CA Hariprasad says:

    Procrastination is human nature so our assessee auditees produce books of accounts only in the month of September and to overcome this problem,there should be an amendment in IT Act to file unaudited financial statements by the end of May so that we can audit properly or ONLY comment on his accounts.And we will have sufficient time also as already unaudited financial statements are submitted. Otherewise do away with tax audits as APPOINTING AUTHORITY and AUDIT FEE PAYING AUTHORITY are one and the same.He is not dependent on us but we are on him and we do not have so called INDEPENDENCE. Then deptt. can ask assessesses to get accounts audited u/s 142 and auditor will have sufficient time and independence. ICAI should think and act in the interest of members.

    • Yuvaraj says:

      Good suggestion about Independence of Auditors. I wrote an article in these lines and sent to our Institute around 10 years before, but neither any action was taken nor did I receive any reply from the Institute. Thousands of crores of rupees are earned by the Income Tax department on additions made at the time of hearing (ie) IT dept could find in such a short span of time what Auditors could not. If auditors are independent, there would not be any need for the Income Tax department at all.

  27. SANJAY MEHRA says:

    We request the CBDT to reconsider the decision of not extending the due date of filing the Audit dates looking to the various constraints the Chartered Accountants had to face due to the notification of Forms.
    We strongly recommend the extension.

  28. S PRAKASH says:

    For announcing the ITR form which has no major changes the CBDT and Finance Ministry took such a long time just to announce the FORMS and the software required for the same to upload the ITR. Considering the delay taken in announcing the ITR forms the CBDT and Finance Ministry should extend the time till NOVEMBER. Due to such delay filing of the non audit cases was postponed and has taken away the time of the 44AB audit cases.THE BEST ANNOUNCEMENT THE CBDT/FINANCE MINISTRY CAN DO IS NO AUDIT REQUIRED FOR THE INDIVIDUAL AND PARTNERSHIP FIRMS, WHERE THE PUBLIC MONEY IS NOT INVOLVED.Scrap the 44AB audit for the individual and partnership cases as the experience of the department shows that the same has resulted any any extra revenue for the department but only THE ASSESSEE HAS LOST MONEY IN AUDIT.To increase the tax base such a drastic action by the CBDT and Finance Ministry is ORDER OF THE DAY.

    • PRAJESH PATEL says:

      DEAR MR.S.PRAKASH, SIR, YOU ARE 100% right, it is wastage of public money instead of this it is option in hand of client to GO for the tax audit or not the fees collected by all C.A. IS VERY HIGH & NOT UNIFORM RATES SOME C.A. ARE TAKING HEAVY COMMISSION FOR ADJUSMENTS OR FIXED FOR NO SELECTION FOR SCRUTINY. IT IS HEAVY LOSS OF REVENUE TO GOVT. IT IS BETTER TO GIVE OPTION TO PARTY FOR GO TAX AUDIT OR DECLARED MORE THAN 8% N. P. FOR WHATEVER THE GROSS TURNOVER I. MAY BE 400 LACS OR MORE HOW HEART SPECIALIST IS ALSO SPECIALIST IN BURNS CASES LIKE THAT THE C.A. HOW IS HANDLING FINANCE MATTER AND ONLY DOING CONSL.FOR PROJECT THAN HOW THEY DO AUDIT SO THESE C.AS ARE SOUGHT FOR EXTENTION

  29. KISHOR says:

    We strongly protest the decision of Finance Minister and CBDT regarding non extention of Tax Audit Report Filling date.

  30. VIDYADHAR JOSHI says:

    1) CBDT says that ” there are no major changes in the ITR form.”
    When there are no major changes, then why CBDT took such a long time to notify the form ?
    2) CBDT is not taking into account the physical and mental health of the chartered accountants, advocates and the persons who are doing the work of maintaining books of accounts.
    3) Completion of audit depends upon 1) response from tax payer 2) physical health of accountant and chartered accountant 3) smooth working of computer 4) uninterrupted internet and lastly 5) availability of website.
    4) When CBDT is sure that there will be an uninterrupted internet and availability of website.
    CBDT is request to extend the date of audit and return which will be be just and equitable.

  31. RAJ KUMAR says:

    WHY INSTITUTE AGREE WITH THIS TYPE OF DHAKA,CANNOT PROTEST OR BOYCOT THIS OR RAISE STRONG VOICE LIKE ASSOCIATION OF ADVOCATES

  32. Debadutta Mishra says:

    We strongly protest the decision of Finance Minister and CBDT regarding non extention of Tax Audit Report Filling date.

  33. Prakasham says:

    I agree that the time now available is too less. But I request all the learned professionals to understand that whatever info is required for audit will be from the books of accounts and supporting bills and vouchers of the assessees for the financial year that ends on the 3 1st day of March. No w we are in September. 5 months are more than enough to gather all the required info.

  34. ca kailash goyal says:

    Dear Sir ,

    Prime minster and Finance minister talk about the simplifation of the rules , now see what they are doing since last 2 years , making more and more complicated the compliances , since last so may years the chartered accountants ofice has become the back office of all the govt. revenue departement. They can not prepare forms in a year and expect from the fetrnity to comply with the same within 40 days . Will any one listen from the desk of Ruing party .

  35. Amit Saha says:

    like jamu and kasmir in 2014 .. assam also suffering from flood in its all district from last two months…. is assam get any extension for submission of Audit report ?

  36. Amit Saha says:

    Like previous year Jamukasmir……. Assam also suffering form flood in its all district ….. is assam not required more time … its difficult to adjust the thinking of CBDT is not providing any extension for Assam

  37. A.S.Viswanathan says:

    Well said. First of all our FM is a lawyer by profession, he must have aware of the professional standing and quality of audit. These extensions should be done by the government itself. The law makers and implementing peoples are from our society only and not from somewhere else. Don`t you FM sir what will be the time required to conduct 60 audits?. Please understand you are for better administration and service to the society at large. There must be a reasonable time gap between declaration of forms and due date for filing of returns.

  38. darshit says:

    Government totally failed to take any type of decision

  39. Pankaj Kumar Kundu, Advocate says:

    CBDT should reconsider about the extension of
    filing the tax audit report. The last date
    should be 31st October,2015.

  40. CA. SUNIL BHALOTIA says:

    IT IS REALLY SURPRIZING, THE PROFESSIONALS & ASSESSEE’S HAVE TO SUFFERS THE DELAYS, NEGLIGENCE, AND HALF DONE WORKS OF MINISTRY & ITS ORGANISATIONS SUCH AS CBDT.

    EVEN IT IS MORE PAINFULL NOT CONSIDERING OF THEIR WRONG DOINGS.

  41. B.C.GURU SWAMY says:

    We totally agree with the opinion and it is Govt always does like this they never care about their faults further dept never cares about the infrastructure provided by them more particularly power and net, in karnataka power is a precious then jewellery thing we do not know when to work and when not to work

    under the given circumstances we strongly believe a PIL should be filed immediately questioning the Govt., action

  42. S HARI KRISHNA says:

    Wake up ICAI wake Up

  43. sivaprasad says:

    who told you not to do the audit until the CBDT release the ITR’s. whether CBDT told you not to do the audit until release of ITR’S

    if we start the audit as and when completion of financial year, this problem doesn’t arise.

  44. sivaprasad says:

    i totally disagree with writer.

  45. sivaprasad says:

    who told you not to do the audit until unless CBDT release the ITR’s. filling/checking the data as required in ITR and checking the same doesn’t take more than 2 days even the company has thousand of crores turnover.

  46. Vivek says:

    CBDT perhaps understands the language of courts only.Last year too,they made run every one concerned to the court and end of they(,CBDT)had to bite the dust and extend the date.
    But,there is a clear babudom and no practicality.

  47. CA Shah Alam says:

    I Agree with all views, even if CBDT extends date at month end it will of little help and this attitude of CBDT and FM is not in the interest of our nation.

  48. sudarshan says:

    There are 7 income tax forms and 10, if you consider 2A and 4s and two form 5s. But there are only 3 due dates july, september and november. There should be atleast 6 due dates,
    for salaried only , June,
    business july,
    company without tax audit august,
    tax audit firms september,
    tax audit companies october
    and transfer pricing november.

  49. A J Shah says:

    I think the ICAI and BCAS should start the signature campaign and protest the arbitrary and adamant views of CBDT in not realising the ground realities. The extension should be announced immediately, otherwise there is no use of extending on the last date

  50. CA GANESAN P says:

    IT SHOWS IMMATURED DECISION BY CBDT. FOR EXAMPLE, IN AN 3 HOURS EXAMINATION, QUESTION PAPER IS GIVEN AT THE END OF 2ND HOUR, HOW CAN WE EXPECT TO ANSWER ALL THE QUESTIONS AT THE END OF 3RD HOUR, SINCE ON COMPLETION OF 3RD HOUR ANSWER SHEETS WILL HAVE TO BE SUBMITTED. CBDT NOT ABLE TO GIVE ITR FORMS ON 1ST OF APRIL 2015, HOW EXPECTS TO SUBMIT FILLED FORMS TO BE SUBMITTED WITHIN TIME LESS THAN THAT THEY TAKEN TO ISSUE THE SAME. THE CBDT & FM SHOULD CONSIDER & UNDERSTAND THAT IT IS NOT A RATION CARD APPLICATION TO BE FILLED & SUBMITTED WITHIN SHORT SPAN OF TIME. BUT REQUIRES EXPERT & TECHNICAL & ANALYTICAL AUDIT AND THEN FILL OUT FORM AND SUBMIT ONLINE. ALSO WE HAVE CO-OPERATE WITH ASSESSEE WHO COME FORWARD ONLY DURING AUGUST 1ST WEEK FOR TAX AUDIT OR COMPANY AUDITS.

  51. Harish Chander Bhatia says:

    The professionals must unite now and protest in a concerted manner by staging a dharna outside north block, observe fiscal disobedience, ICAI and other bar Associations office bearers should sit on hunger strike, stop payment of advance tax. Complete abstention from work,assessment,tax, hearing etc. because government is hungry for money . They insult the professional bodies for the lenient ways of requesting. There should be a long march to Arun Jaitely’s house and submission of protest and memorandum. Is it not violation of fundamental rights by depriving the legitimate assessees to file tax return in April, may June and July, Why their babus are not able to release the form on 1st April itself with schema. The delay in release of form should be coupled with extension of days for equal days.

  52. CA Srinivasa H, Bangalore says:

    Honorable Finance Minister need to be tax payer and tax professionals’ friendly, because they only have all the practical difficulties and in spite they keep accountability and revenue to the exchequer, hence it is not fair to reject the extension of due date for tax audit and company audit cases.

  53. CA SURENDER KUMAR CHOUDHARY says:

    We should strongly protest against the attitude of CBDT

  54. Vikas Bhaleriwala says:

    A very good practice by CBDT…. First of all take 5 month just for few column change in ITR’s.. Then make all people to request you to extend the due date..

    Can any one file writ against CBDT asking them, from March to August what kind of deep analysis they are doing on ITR forms. For which they took 5 month to issue them.

  55. CA Krishna Kumar says:

    Very well written pointing out issues that we are bound to face while conducting audits in such a short span of time. Totally agree with the writer.

  56. CA S Gupta says:

    Dear Readers and professional colleagues

    I am fully agreed with all above views. CBDT take CA’s for a ride as we have no unity and enough lobbying with govt. sectors. Had it been a case of other professionals Govt would have extended the date without even asking like it did for salaried and small businesses. Why the date is always extended after expiry of due date or on the last day??

    Join hands and make a strong representation to CBDT.

  57. C N Mohan says:

    I too endorse the views expressed by the CA Rekha Dhamankar. I would also like to add that in the entire state of Karnataka and particularly in Bangalore, where most of the large assesses of Karnataka are located, there is a regular power-shutdown of 4 hours each day. This has made the made the audit even more difficult. I am sure same would be the case in other parts of the country as well. Considering that the reasons for the request for extension of filing the tax audit reports and the corresponding tax returns are beyond the control of the CA professionals the Central Government must reconsider our request and extend it up to 30/11/2015 and the announcement must be made ASAP.

  58. Jayaram says:

    It is very bad.

    CBDT took 4 months to just notify the Forms, and extended the due dates for Non-audit cases, which resulted postponement of audit work to Sep.. It is very unfortunate, and adamant views of CBDT. From this year getting Digital Signature itself take 2-5 days. How can we conduct the audit is short time??

  59. Bapilesh says:

    Agree with the writer.. CBDT itself says that changes made to ITR forms are not extensive as compared to the earlier years then why they delayed to notify the Forms by 4 months!! If notifying forms on 7th August gives enough time to file, then why the due date granted as per law in every year is 6 months after the close of the financial year!!! By notifying ITR 4 and ITR 5 on 7th August, CBDT left the ball to the coutr of the assessees to file the return within 23 days in the case of non-audit cases after they were lagging from April to August!!! These may also be termed as tax terrorism!!

  60. ksn says:

    Yes I agree with the author’s view

  61. Umesh says:

    The dept. had a full year to finalize the returns. They could have very well notify the returns before the end of the financial year itself and open the website for e-filing by April. Without doing that, the dept now says the forms were notified well in advance and hence enough time is given for filing of return. As per the statistics on the dept. site, as of 31/08/15 only 45K returns were filed whereas the returns filed for previous full year(FY 14-15 till 31/3/15) was around 7.5 lakhs. So is the dept expecting to complete the filing in another 20 days. Even just preparing and filing (without any audit) seems impossible by 30th Sept.

  62. DEVENDRA BHANDARI says:

    Why CBDT and Finance Ministry forgetting the other cumbersome works to be carried out by professionals such as to add CA in assesse profile, use of digital signature uploading the 3ca/cb-cd online. Even in case of Non tax audit mentioning of Aadhar no, Passport No, All Bank account details. CBDT is doing nothing but with changes in ITR every year updating there database with the help of us. Why not a single year passes without changes in ITR and 3CA/CDS ? Even now CBDT will issue new utility to upload 3CD. Last to last yr 7 utilities were issued by CBDT and last year 3 utilities. When CBDT itself cant issue stable utility and a stable system what you expect from us?

  63. joy says:

    Awaiting response from ICAI.
    What action should be taken ?
    This happens every year.
    There should be some mechanism to curb it.
    Shall we unite and fight ?
    Shall we organize Bharat Band ?
    or shall we accept the notification and work as bonded laourer ?

  64. Rakesh Sharma says:

    CBDT should reconsider immediately about extension.We all are very disappointed.

  65. joy says:

    I TOTALLY AGREE WITH WRITER. NOW ICAI OFFICE BEARER SHOULD TAKE IMMEDIATE ACTION AND SHOULD PRESSURIZE CBDT TO EXTEND THE DATE BY TWO MONTHS OR SHOULD CONDUCT A SEMINAR ON “HOW TO COMPLETE 60 TAX AUDITS IN 20 DAYS”

  66. Grape says:

    Adamant Views of FM & CBDT is really painful for the compliance.Small tars will really face problems as they are not aware & understood of the changes made in the form.

  67. CA Hariprasad says:

    What CA has to do ? Don’t we need sufficient time to conduct audit properly ? have we not lost time in filing non audit cases in the month of Aug 2015? Is it possible to conduct proper audit in such short time of 30 days ? Whether we have to audit or just file returns ? When they have not notified new forms in the month of April 2015, there is no justification in non extending due date for tax audits.
    We should strongly protest against the attitude of CBDT .

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