Gujarat Chamber of Commerce & Industry has made a request for Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22) to Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance.
Gujarat Chamber of Commerce & Industry
15th December, 2021/14945
Smt. Nirmala Sitharaman
Hon’ble Union Minister of Finance,
Ministry of Finance,
Government of India,
New Delhi — 110001
Sub: Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22)
We would like to place on record our sincere appreciation to the laudable efforts taken by the government towards fighting the COVID-19 pandemic with record vaccinations and timely support to the citizens. We applaud the vision of having a new income tax e-filing website which aims to provide convenience and a “modern, seamless experience” to taxpayers. We are confident that slew of taxpayer friendly measures planned by the Government will address several intricate problems relating to taxation, synchronously fulfil its vision of having more transparency in the system with minimal interaction between tax payers and tax authorities. This regime has provided us with new hope and optimism for a future bereft of the virus.
COVID -19 & RISING CASES OF OMICORN CASES:
Globally, Omicron has reached nearly 60 countries, and many nations have started putting restrictions and lockdowns are back in place. India reported 7,992 cases on 10th December 2021 and the cases are on gradual rise on a daily basis. Triggered by the rising Omicron cases in Maharashtra, the state government has banned large gatherings and imposed other restrictions within Mumbai. The state has the highest cases with the new SARS-CoV-2 ‘variant of concern’ in the country till date. On the other hand, 32 cases of the new variant of concern Omicron have been detected so far in the country, which is a cause for concern. This is especially so because people have been wearing masks less and not following the proper COVID protocols.
With Omicron, the experts predict that the third wave of coronavirus could hit the peak by January end with cases likely to be reaching up to 1-1.5 lakh a day in the country. An Indian Institute of Technology Hyderabad (IITH) team, which launched a Covid tracker website, has predicted that Omicron variant cases may touch 1.5 lakh cases when at peak and will totally subside by March 22. Most of the companies have advised their staffs to continue working remotely wherever possible.
Due to COVID-19 pandemic and new OMICORN variant, following issues are being faced by the trade and industry:
ISSUES WITH THE NEW INCOME TAX PORTAL:
We would like to convey our gratitude and congratulate you and your ministry for taking up the pro-active and forward-looking step of launching of new Income tax e-filing portal with the objective of realizing many functional improvements and to bring in many better and improved functionalities. While we support the various initiatives taken by the government in trying to establish a robust mechanism to ease the compliances of taxpayers, we would like to bring to your notice that even after expiry of more than five months, the portal is still not functioning upto its full capacity, going under frequent maintenance issues and there are many technical glitches causing great and unavoidable hardships to the taxpayers and their representatives.
There has also been constant updation of the utilities and instructions for filing the Income Tax returns (ITR) and Tax audit reports. For instance, the utility for ITR-5 was updated on 9th December, 2021, for ITR-6 on 3rd December, 2021 and for Income Tax forms (forms 3CA/CB-3CD) the latest version was released on 9th December, 2021. The software companies also take time to update the same and hence the filing gets delayed.
Further, we are also facing issues in uploading specific forms and reports like Form 10-IC (domestic company choosing to pay tax at concessional rate of 22% under Section 115BAA of the Act), Form 29B (for MAT) and Form 10B (Audit report under section 12A(b) of the Act) and transfer pricing report u/s 92E of the Act.
Basis the above-mentioned issues, we are requesting for extension of the following due dates under Income Tax Act, 1961:
– The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31St July, 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December, 2021 should be further extended to 28th February, 2022.
– The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September, 2021 as extended to 15th January, 2022 should be further extended to 15th March, 2022.
– The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31′ October, 2021 under sub-section (1) of section 139 of the Act, as extended to 15th February, 2022 should be further extended to 31st March, 2022.
– The due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which is 31st October, 2021, as extended to 31′ January, 2022 should be further extended to 31st March 2022.
In an ordinary scenario, delaying compliances, is considered to be an ominous sign for a business’ health. But these are exceptional circumstances and even post the second wave of COVID-19 resumption of activities has been at a very slow pace. Hence the earlier dates of December end / January mid which seemed reasonable at one time is now looking extremely difficult.
We all are facing this unprecedented situation and we require your co-operation and patient hearing to our concerns. We would be very grateful if your good self would take an early action in this regard and have a positive consideration of our requests. This will be very useful for the taxation fraternity and also for the trade and industry. In conclusion, we request that a suitable orders / clarification may be issued to this effect at the earliest.
With warm regards,
Chairman, Direct Tax Committee
Shri J.B. Mohapatra
Central Board of Direct Taxes
Download Representation on Extension of due dates of Income tax returns & Tax audit reports
Top Representation Published on Taxguru requesting for Extension of Due Dates of ITRs, Tax Audit Report, Transfer Pricing Audit, GSTR-9, GSTR-9C and Annual ROC Forms related to Companies and LLP –
|S. No.||Title||Presented by|
|1.||Request to extend due date for filing ITR & TARs | AY 2021-22||All Odisha Tax Advocates Association|
|2.||Extend due dates of ITR & Tax audit report submission||Chandigarh Chartered Accountants Taxation Association|
|3.||Representation for extension of Income Tax due dates to Finance Ministry||Bhayandar CA Social Group|
|4.||Request for Extension of Due Dates under Direct Tax till 31.03.2022||AIMTPA|
|5.||Request for Date Extension for ITR/Tax Audit/GSTR9C/GSTR9||District Tax Consultant’s Association, Chittorgarh|
|6.||Representation to extend ITR & Tax Audit Report due dates||Tax Bar Association, Bhilwara|
|7.||13 Reasons why due date of ITR & Tax Audit should be extended- Representation||All Gujarat Federation Of Tax Consultants (AGFTC) and Income Tax Bar Association (ITBA), Ahmedabad|
|8.||Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure||Chartered Accountants Association, Surat (CAAS)|
|9.||Memorandum for Extension of Due Dates for filing of ITRs||Direct Taxes Professionals’ Association (DTPA), Kolkata 13.|
|10.||ICSI Requests relaxation on levy of additional fee in filing of Annual ROC forms||Institute of Company Secretaries of India|
|11.||Extension of due dates of Income tax returns & Tax audit reports- Representation||Gujarat Chamber of Commerce & Industry|
|12.||Representation regarding Extension of Due Dates till 31.03.2022||Chartered Accountants Association, Jalandhar|
|13.||Extend due date for filing Income-tax returns/Tax Audit Report||Maharashtra Tax Practitioners’ Association|
|14.||Extend Due Date for filing of Form GSTR 9, GSTR 9A & GSTR 9C||Sales Tax Bar Association, New Delhi|
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please extend tax audit
Honorable Finance Minister Smt Nirmaladevi, Please grant Request for Extension of filing of Tax Audit Report so all Consultants and Taxpayers Can file their Return without any tension, there are many Other details added in filing of Return Like AIS / TIS Please grant our Request for Extension of Due Date of Filing of Tax Audit Return as well as Income Tax Returns
please extend tax audit
RESPECTED FM.PLZ EXTEND THE DATE OF TAX AUDIT
Honorable Finance Minister Smt Nirmaladevi, Please grant Request for Extension of filing of Tax Audit Report so all Consultants and Taxpayers Can file their Return without any tension, there are many Other details added in filing of Return Like AIS / TIS
Please grant our Request for Extension of Due Date of Filing of Tax Audit Return as well as Income Tax Returns
When all the respected learned CAs are interested in extension of time for filing ITR and report if FM extends the due date further they make ask for extension. It is never ending business. clients are not co operating to give the data and pay the tax honestly. in that case it is natural go for extension of time. However what is the interest part? I hope it is to be paid from the very first last day of filing return. is it right or wrong?
RESPECTED FM.PLZ EXTEND THE DATE OF ITR FILLING IMMIDIATLY. BCOZ HIGH MENTAL PRESSURE BUILD ON EVERY PROFESSIONAL.
Hon’ble FM ,Hon’ble Chairman ofCBDT , DATE 21/12/2021
SUB : DUE DATE EXTENTION PETITION FOR A.YR 2021-22, or relief from The taxpayers interest under section 234A and penalty under section 234F. MOST RESPECTFULLYSHOWETH:: Tax professionals are more serious than Government in furnishing returns of income within stipulated time. They never wish for extension. But due to unavoidable circumstances beyond their control they are bound to request for further extension of due dates. The Hon’ble Government should understand the problems being faced in furnishing returns and should reasonably extend the deadline of due date of furnishing of returns from 31st December for non audit returns and should also Further extend again the due date for furnishing of returns for Tax Audit from 15th January 2022 to 31st March 2022 keeping in mind that when time barring period for issue of notice u/s 148 can be extended, what is the harm if due date for furnishing returns is extended further. from Tax Advocates of Bengal of WB
All due dates should be extended further on the basis of facts like mental agony of all professionals who want to files all with the increment of revenue for manking India concept ,but they all defeated to face on the glitches sites and others lot of valid reasons to belief . With the best compliments from INDIAN TAX WORLD at Raigachi Battala, Rajarhat,Kolkata ,70135,West Bengal, IND
THE e-filing site is the worst site ever designed by any software company in the entire world. Till now I had very good opinion about INFOSYS, but I realized that I am wrong. Coupled with useless FinMin the site is showing ‘stars’ to the Taxpayers. This itself is the sufficient reason for Nirmala ji to resign and go away
ITR FILING DUE DATE DESERVES TO BE EXTENDED BECAUSE INCOME TAX SITE IS NOT WORKING SMOOTHLY, PARTICULARLY TAX AUDIT REPORTS ARE NOT BEING UPLOADED COMFORTABLY. DIGITAL SIGNATURES FORMALITY DOES NOT FUNCTION PROPERLY. IT IS HIGHLY JUSTIFIABLE IN THE INTEREST OF ENTIRE NATION TO EXTEND THE DUE DATE AS EARLY AS POSSIBLE SO THAT MENTAL TENSION OF DUE DATE APPROACHING FAST GETS RELIEVED. THANKS