Advocate Akhilesh Kumar Sah

Review of extension of date for filing audit reports and ITRs by the Finance Minister, CBDT

Section 44AB of the Income Tax Act, 1961 deals with the requirement in respect of audit of accounts of certain persons carrying on business or profession.

It is estimated that a large number of cases are pending, countrywide, for audit as well as filing of related Income Tax Return(ITR), where there is compulsory requirement of audit & filing of ITR upto 31st of October 2017. Central Board of Direct Taxes (CBDT) has done a great job by already extending the due date of 30.09.2017 to 31.10.2017 for filing of audit reports and returns well understanding in advance the hard realities in the matter.

Most of the returns are filed by tax professionals and not by assessees. Also, there were amendments in respect of forms of audit reports.

Large number of Chartered Accountants are finding inability in completing the task taken by them from their clients. The Institute of Chartered Accountants of India has also requested for extension of the extended date from 31.10.2017 to 30.11.2017.

Tax consultants as well as assessees were busy recently  in completing the festivals requirements as well as making compliance of the GST returns for which still there is immediate due date of 31.10.2017 for filing GSTR 2.

There is going to be heavy rush in banks on October 30 and 31 due to closure of the banks on October 28 and 29 October of 2017.E-filing portal of Income Tax Department will also start slower working at the last date.
The tax regime should be tax payers friendly and also for tax professionals.

Looking to the practical problems at the high time, the due date for audited and filing of ITRs should be extended to atleast to 15.11.2017 by CBDT. Hon’ble Finance Minister Mr. Arun Jaitley may take an early action in respect of the above by reviewing the government policies & intention of the legislature.

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  1. Aftab Alam Khan says:

    Extension of due date wants more sacrifices, not only one “Tejas Manhar Desai of Surat.” All of us must suicide before time limit of 31 Oct., 2017, then Govt. will accept proof of tension and pressure. then will in active and then think for extension of due date. Waah! Waah! Waah! (weeping sound) “Its time to mail only not to work due to failure with pressure and tension.”

  2. K L BHARDWAJ Tax consultant says:


  3. CA Arvind says:

    our ICAI president have power but doesnt want to use them. He can just request to all CA that stop filing all type of return and Tax thereon. Then see the impact
    FM, PM and Home minister all will be in quie with you sir as without CA no Company or Businessman can done their Audit, Payment of Tax . Then How modi, Jetlly or Govt Run this Country we can see
    So please Know u r Power and ability and Use it properly
    At present Govt ne sabhi CA logo ki Life Barbad Kar ke Rakh Di Hai
    No personal Life only work,work\


    आयकर विवरणी दाखिल करने की अंतिम तिथि ३० नवम्बर की जानी चहिए, क्यूंकि जी एस टी की रिटर्न भी साथ ही ३१.१०.२०१७ को दाखिल की जानी है, सरकार को स्वयं ही नोटिफिकेशन ३०.१०.२०१७ को जारी कर देना चाहिए, क्यूंकि जी एस टी रिटर्न को काफी जटिल बना दिया गया है, इसमें काफी सुधार की जरुरत है. और अंतिम तिथि ३१.१०.२०१७ ही है, काफी गलतियों की गुंजाइश है, टैक्सपेयर्स की समस्यावों को दृष्टगत रखते हुए अंतिम तिथि ३०.११.२०१७ घोषित की जाये, जो की तर्क-सांगत और न्यायोचित होगा.

  5. Shruti agarwal says:

    nw date should not be ex extend..bcoz it has already been extended so much..n still we need more time to upload audit reports..its all because of aur lazy n careless doing al the things in last and now strting panic…i think CBDT should not extend inorder to improve this careless attitude of our clients as well as professionals..and by doing so then these people will take our laws and notifications seriously.

  6. Sk mojib says:

    we professioal are very tension for both gstr2 and audit report and for tds return ,honourable FM should consider our situation, exention date should be declare today

  7. s.jain says:

    halat bhaout kharab he ke pressure ke karn working galat ho rhai he theak karne me dabal se jyda time lag rha he
    i Req. sir. pl. new tax audit dt.30.11.20178

  8. mspareek says:

    When compared to Single return for VAT now THREE or more returns for GST it is very difficult for accounts proffs who are only key for success of any FIN,TAX reforms by GOVT. now are very busy from time of demonatisation and from start of F.Y. filings. But if we see TAX reforms it is only start up when compared to developed countries a long way to go ahead. The Audit date shall be extended keeping the work load the existing proffs in a course of time NEW trainees get in action.

  9. GANESH says:

    date nahi badi to hum high court me bhi jaayenge agst our f m sir aurn jetly as hitler in income are hum ca bhi aam admi he e machine nahi

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November 2020