Sponsored
    Follow Us:
Sponsored

ICAI vide representation made to CBDT has requested to to grant extension for filing of Income Tax Return for A.Y. 2015-16 up to 30th September in case of Individual and HUF and up to 31st  December in case of Companies. It also requested to consequential extension in due date of filing Tax Audit Report to 31.12.2015.

It seems ICAI has made some factual mistakes in its representation as in Last Para of First Page of representation ICAI talks about Tax Audit of Firms  and Companies only while as a matter of Fact even Individual , HUF, Trusts may be covered under Tax Audit Provisions for which ICAI has not asked for any extension of due date for filing Tax Audit Report.

Further It seems ICAI is under the impression that e-filing utility of ITR-4 which is required for e-Filing of Income Tax Return  of Individual and HUF who are having business Income and are covered under Tax Audit Provisions is released but as a matter of fact the same is not yet been released.

Till Now CBDT has released e-filing utility only in respect of following ITR Forms

In view of the above ICAI should think of making revised representation to CBDT to avoid hard ship to Individual , HUFs and other Assessees who are covered under Tax Audit Provisions.

Copy of letter written to CBDT by ICAI is as follows :-

https://taxguru.in/wp-content/uploads/2015/07/extend-TAXGURU.pdf

Some Suggested Posts related to above  

S. No. Link
1 How to use / Enable E-filing Vault on Income Tax
2 Understanding Compliance Query of Income Tax Department
3 Rule 12 of Income Tax Rules wef 1st April 2016
4 Instructions for filing ITR-4S-SUGAM for AY 2016-17
5 Income Tax e-Filing DSC management utility
6 How to File Income Tax Return of a Deceased Assessee?
7 FAQs on filing the return of income
8 For whom e-filing of Income Tax Return (ITR) is Mandatory
9 Guide to know ITR applicable: Which ITR Applicable to whom?
10 How to reset password when activation link not confirmed while registering PAN in Income Tax Department

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

0 Comments

  1. camaneesh k sharma says:

    the letter was very clear & meaningful & covers all assessees who are covered under tax audit , no doubt about in fact such interpretation can make much harm than benefit. when its about 30th sept it covers all assesses who are covered under audit u/s 44AB & are liable for penalty if delay occurs. we should not dilute the good effort for the cause of profession and for better services to our clients.

  2. RAMAN GOYAL says:

    Clients are not support final a audit cases how it is possible to file the return in one month. and also there are so many chances in audit report mistakes. so i requested you to please extend the date for 30sep 2015 to 31dec 2015

  3. sanjay tripathi says:

    MITRO AAO AAP KO PM KI MANN KI BAAT SUNATA HU.

    PM KE MANN KI BAAT HAI KI WOH FORIGN SE TO BLACK MONEY LAANE SE RAHE. SO UNHONE IMMANDAR TAX PAYERS SE PENALTY AUR INTREST KE ROOP ME DHAN JAMA KARNE KA SANKALP LIYA HAI. AGAR WOH DUE DATES BADHA DENGE TO UNKA YE MISSION POORA NAHI HOGA. ISLIYE INDIAN PUBLIC SE ANURODH HAI KI SAB LOG PRADHANMANTRI KE MANN KI BAAT SUNE AUR RETURNS LATE FILE KARE AUR INTREST AUR PENALTY KE ROOP ME SARKAR KI TIJORI BHARE JISSE TAX NAA BHARNE WALO KA PRADHANMANTRI KALYAN KAR SAKE.JAI HIND JAI BHARAT

  4. sanjay tripathi says:

    why PM, FM and CBDT chairperson wants to waste time of aam public and Courts of India and not taking positive decision on Extension Of Due date by november or december all is busy with Bihar Elections and making fool to public they have no hearts.please listen our voice otherwise as public has given the powers to BJP they can take powers back in next Elections and you will see the TRailor in Bihar Elections

  5. camaneesh k sharma says:

    Govt is not getting anything by not extending the date of filing itrs & tax audit reports & in fact are adamant without any apparent reason & in fact are making business community/chartered accountants under undue pressure without their fault. the liberal attitude towards foreign institutions is of little meaning you are not liberal towards your own country honest business community.correction is need of the hour & now its the time for that before its too late.

  6. SURESH KUMAR GUPTA says:

    Sir,
    I request you to please extended the date from 30-09-15 to 31-10-15 & declare the date
    of extended date before 20-09-15 so that all people can manage there program & feel relex.

  7. ajit says:

    in our area (belgaum dist.) power failure is very high
    every day 8 to 10 hrs load shedding is compulsory
    so how can we work / and submit the return within 30 th sept 2015
    so extend the audit date

  8. RASHMI RANJAN DAS says:

    dear sir,please extend the due date of filling the audit report 31st DEC 2015 due to non co-operation of the companies to the clients about the financial statement of there business.there is another problem the processing of the digital signature is very late.Specially in odisha the supply of electricity is very poor.

  9. Aabid says:

    The authority should announce the extension as early as possible, because in Jammu and Kashmir most of the business establishments are still recovering from the devastated floods and also only 23 days left in due date after e filing of salaried and other individuals not covered under audit. i request all the concerned to extend the due date till 31st of December for smooth and efficiently filling of Audit Report and Income Tax Return.

  10. CA.Bharat Agrawal says:

    Department took enough time to publish new ITR form, why they don’t want to give sufficient time to finalize the return which covered under audit.

    Due date without audit case 31st July
    Due date in audit case 30th September === 61 days available for audit case (1st August to 30th September)

    This year only 23 days available (8th September to 30th September).

    ????

  11. RAVI PODDAR says:

    Do not extend the date.
    There will be no impact of extension of due date because even after extension All CA will file returns on 31st December.
    All CA are obsessed to file their client return on last date.
    Professionalism is missing in CA professional.

  12. Kunal Shah says:

    Please consider our request and extend due date up to 31-12-2015 as whole Gujarat state suffered from hardship and is continuing.

  13. ranjan says:

    The CBDT or the finance ministry should at least announce in advance rather than wait till the evening of the due dat as it causes lot of anxiety and stress to professionals and moreover the clients as such expect the returns to be filed on time irrespective of the delay caused in handing over the necessary papers.I think the CBDT or the ministry should render cooperation and support as we not only advise our clients but also assist the department in smooth collection of revenue and filing of the return.

  14. M.Sabari Giri Vasan says:

    Clients are not support final a audit cases how it is possible to file the return in one month. ICAI once again press the CBDT or atleast inform no extension

  15. CA NPm says:

    Extention should be granted in advance. CBDT has the usual procedure of granting extention on the last day at 5.00 pm. Whts good deal in it.

    Shd announce extention by 25./Aug/2015 if genuinely extending dates.

  16. Govind Lohia says:

    Dear Sir.

    We not only expect extension of filing Tax Audit returns, but also of Tax Audit Reports. As we are now filing ITRs of non audited case upto 31st August 2015, and not finding sufficient time to Conduct Tax Audit. In case of non extension of filing Tax Audit Reports, we will be in hardship and may not be able to conduct Audit Properly.

    Please consider to extend the date of filing Tax Audit reports along with Income Tax Returns.

  17. vswami says:

    Thanks Admn., for the link since inserted/provided.

    On a quick glance through, as was not unexpected,the CBDT’s attention has not been drawn to the practical problems the new requirement, made a mention of in the previous post, is noted to be potent with. As such, would require to be taken up with CBDT separately,if so convinced, thought fit and agreed to by the ICAI; otherwise, with no other option left,advising/consulting professionals and taxpayers wold have to take the initiative and take suitable steps, under guidance and advice of an eminent counsel.

  18. vswami says:

    “Copy of letter written to CBDT by ICAI is as follows :-”

    So said, but not found displayed thereunder.

    To comment so as to be of use, need to know the contents that letter by ICAI to CBDT!

    Meanwhile, am left wondering whether by any chance,pointed attention of the CBDT has been drawn to the viewpoints posted elsewhere against the seemingly harmful implications of the new requirement of “LH” Registration for e’filing of , besides “TAR’, tax return by an individuals as “LR” of a deceased. If not, in one’s strong view, that must be done, at the earliest, to save honest taxpayers, particularly of advanced age, from the imminent hassle / hardships to be faced with.

  19. CA. Subhash Chandra Podder says:

    My 1st question is whether ITR 4 and other IT Forms ( revised ) has been released ? 2ndly Tax audit and company audit should be completed by September 15 ?
    Income tax return filling should be ( all categories of assesses should be December 2015.

  20. Shyam Agarwal says:

    Dear Author,

    In my view ICAI has not made any mistake in its representation. In the request letter, it has been specifically mentioned that TAX audit returns due date may be extended upto 31st Dec’2015, it means that assesses who are liable for Tax Audit can file its return upto 31st Dec’2015. Accordingly, I don’t think ICAI has made any mistake in its representation.

    Thanking You

  21. CA. M. Lakshmanan says:

    While extending the time to file the return of income the interest 234B for the period due to delay of I.T. department should be waived. Already there is a delay of four months for those who do not have business income. Though they were ready to file in April itself they were not able to file and hence if they have not paid sufficient advance tax, the interest for the period from April to July should be waived. Likewise for others the returns are not yet ready at the e-filing portal. Hence similar waiver should be given to them. Of course 234A should be naturally waived since the due date itself is extended by one month from July to August. If such an extension is given for tax audit and other cases from September to December (?) ‘234B interest’ should be waived from April to December.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031