Request for One Month extension for Tax Audit & related filings

BJP, Economic Cell, Bangalore has requested FM for considering extension of Additional One Month from the relevant Due Dates for submission of Report of Audit and related Filings for AY 2021-22.

Bharatiya Janata Party
Bangalore Central District, Bangalore
Economic Cell 
CA Nischal.R.B – Convener-Economic Cell, BJP Bangalore Central District
Email ID: [email protected]

Date: 08/01/2022

Smt. Nirmala Sitharaman
Hon’ble Union Minister of Finance, Ministry of Finance,
Government of India,
15, Safdarjung Road,
New Delhi – 110001

Respected Madam,

Sub: Request for considering extension of Additional One Month from the relevant Due Dates for submission of Report of Audit and related Filings for AY 2021-22.

We would like to congratulate you for the launch of the new Income Tax E-filing portal.

With respect to the above-mentioned subject, we would like to bring to your notice that, there is a considerable spike in COVID-19 cases throughout the Country. And many places are facing restrictions like curfew/lockdowns.

It is important to note that, as a feedback from general public and Chartered Accountants the portal is still not functioning to its full capacity and is facing several problems & technical glitches causing extreme hardships to the taxpayers.

We kindly request the department to make all schemas for Filings and Audit Reports be ready as on the First day of the Assessment Year, i.e., 01st of April of the relevant assessment year, so that there will not be any requests for extension of the relevant due dates. Whereas, in the Current Assessment Year, the Audit Report Schemas were available and fully functional only from November 2021. And further, there has been changes in schema of audit reports on 06.01.2021 which is causing undue difficulties to the members as they might have already prepared audit reports but the same has to be revised again for proper uploading. The changed schema has not been incorporated by the various software providers till now. Change in schema is unjustifiable at these troubled times when last date is approaching.

And, as on the even date, certain forms like Form No. 3CEB are not available on the IT Portal. In filling up the other forms, difficulties are encountered. As regards, certain other forms like 10C, 10B, difficulties are continuing,

Further, as the Audit process is to be conducted by the members of THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI), and they have been entrusted with the responsibility of ensuring and enhancing the quality of services provided by them to clients and other stakeholders. As per the current scenario it will be extremely difficult for the Chartered Accountants to give quality time for their work and complete the audits with complete justice; due to immense pressure they are facing due to continuous deadlines. We would also bring to your notice that the due dates for furnishing non-audit ITRs is just over on 31/12/2021, and within 15 days, the due date for submission of Report of Audit (under any provision of the Income Tax Act, 1961) is approaching which is 15/01/2022.

Considering all of the above details received from public and Chartered Accountants/Auditors, we humbly request for extension of all the Income Tax Act related Due dates, i.e., Submission of Report of Audit (under any provision of the Income Tax Act, 1961); Furnishing of Return of Income of Audit cases; and Furnishing of Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act, by at least additional One Month from the existing extended due dates.

We are hoping to get an extension with your kind co-operation & support.

Thanking You

With regards

CA Nischal.R.B

(Convener-Economic Cell, BJP Bangalore Central District)