Dear Professional Colleague,
As you may be kindly aware that the due date to file ITR Forms for certain assessees as specified in clause (c) of Explanation 2 to section 139(1) of the Income-tax Act, 1961 for Assessment Year 2022-23 is 31st July, 2022 which is just round the corner and fast approaching. We are sure the work regarding the ITR filing of clients is in full swing and our members would be able to achieve the said deadline as always.
In this regard, we wish to inform that the Direct Taxes Committee (DTC) of ICAI is not in favour of making any representation for extension of any due date. It will be appreciated that such a step is counter productive for professional interests for the reasons as below:
1. With extended due date, efforts and expenses increase, fees do not increase and as a consequence contribution reduces.
2. Time for continuing education and knowledge updating and even for leisure is reduced causing long term adverse consequences.
3. CAs are not required to pay cost of delay and taxpayer who are subjected to costs, their associations may represent.
Therefore, you are hereby requested to please enlighten taxpayers to provide data in time to avoid unpleasant consequences. Further, representation has been made by DTC of ICAI to CBDT with regard to issues on the Income Tax portal. Moreover, for such issues, the CBDT may extend due date suo moto.
Please take care to discharge assignments diligently, take due representation from assessee for income computation and mandate to upload ITR. Please do not carry any pressure, work with pleasure which will lead to prosperity.
Happy Learning!
Warm Regards,
Chairman
Direct Taxes Committee
The Institute of Chartered Accountants of India
Representation on Income Tax Return due Date Extension
Our Institute ICAI “attitude” is obsolutely correct and i and many of our fellow members will fully endorse this view . The fourth point the institute has not mentioned is that Why we should fight for the extension ? and , for the benefit of 140 crore public ? when the present government and the british era bureacrates is always watches with suspicion and envy ? What we are going to gain ? Let the general public to fight their own battle , and at suitable time change the regime if they need extension !