Request for One-Month Extension for July ITR Due Dates for A.Y. 2023-24

The All India Federation of Tax Practitioners (AIFTP), one of the largest professional organizations of tax practitioners in India, has submitted a request for a one-month extension on the submission of tax returns due for the Assessment Year (AY) 2023-24.

This plea comes in light of severe flooding in various parts of the country, and late updates of AIS and 26AS data on the tax portal. AIFTP believes these challenges have hindered tax professionals and taxpayers from meeting the initial deadline of July 31, 2023. The federation, which boasts over 11,000 members across India, advocates for an extension until August 31, 2023 to alleviate the burden on taxpayers and avoid the imposition of late fees that may occur due to circumstances beyond their control.

Conclusion: Given the prevalent natural calamities and late data updates, AIFTP’s request for an extension on tax return due dates seems justified. The resolution to this request remains at the discretion of the Union Finance Minister, Hon’ble Nirmala Sitharaman. The outcome will be a measure of the government’s adaptability to unforeseen circumstances that affect the financial obligations of its citizens.

All India Federation of Tax Practitioners
(An Association of Advocates, Chartered Accountants & Tax Practitioners of India)
Regd. Office : 215, Rewa Chambers, 31, New Marine Lines, Mumbai 400 020.
Tel.: 022-22006342 / 43 / 49706343 | E-mail: aiftpho@gmail.com | Website: www.aiftponline.org

The Hon’ble Nirmala Sitharaman ji,
Union Minister of Finance,
Government of India,
North Block, New Delhi.

Sub.: Request for One Month extension for July due dates Return submissions for A.Y. 2023-24

Respected Madam,

All India Federation of Tax Practitioners is one of the largest professional bodies of tax practitioners, Advocates and Chartered Accountants, both of Direct and Indirect Taxes. It has been functioning for the last about 46 years and founded by Renowned Jurist Late Nani Palkhiwala and Hon’ble Justice J. C. Shah, Judge, Supreme Court of India. The aims of the Federation are to promote interest, awareness, and carrier opportunities in the field of taxations amongst Indian Citizen. Presently, AIFTP has above 11000 members from all part of the country and about 130 Tax Bar Association located in 27 out of 29 state of our country.

All India Federation of Tax Practitioners, apex body of tax professionals takes the opportunity to present some relevant issues for the above captioned subject for your kind consideration.

With respect to the above mentioned subject, we would like to bring to your kind notice that there is natural calamities of flood in various parts the country.

Also AIS updated and 26AS updated data on portal were made available very late to the assessees i.e. at the fag end of June, 2023, to reconcile to file their income tax returns falling due on 31^st July 2023, posing difficulties for tax payers and tax professionals. The adverse impacts of floods on infrastructure and connectivity has also hampered compliance with the impending deadlines.

The AIFTP humbly requests one Month extension, till 31^st August 2023 to provide relief to taxpayers and avoid from delay late fee provisions to be imposed on the taxpayers for the reasons beyond their control.

In view of the above facts, it is earnestly submitted that the time of 31st July 2023 ending deadlines for Income Tax Return fillings may kindly be extended for one more month, i.e. 31st August 2023.

Yours faithfully,

For All India Federation of Tax Practitioners

Place: Mumbai

Date : 24.07.2023