Industry players today asked the Finance Ministry to extend the last date for e-filing of returns by a month, to October 31, as listed firms would find it difficult to comply with the existing September 30 deadline.
“Listed companies face difficulties in complying with the September 30 deadline for filing I-T returns as most of them hold their AGMs around that time,” Ficci said in a paper submitted to the Central Direct Taxes Advisory Committee Meeting.
The meeting was attended by representatives of industry chambers Ficci and Assocham, as well as other industry players.
They also suggested that PAN cards be made optional for senior citizens and individuals, whose total income does not exceed the threshold level of Rs 1.6 lakh in a year.
“The electronic system of filing returns is replete with difficulties because of software errors…
