Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Section 144C(2): Increase period for filing details to 60 days: ICAI

Advertisement

Issue/Justification

The Assessee has to file voluminous objections in form 35A, within 30 days of receipt of the order. There is no rule to file a paper book or raise additional arguments or grounds. 30 days is very short time to compile and file before the DRP. There are many mistakes and further many arguments are also missed out.

Suggestion

Either 30 days may be increased to 60 days or alternatively Format of form 35A should be revised only to include grounds and statement of facts as were before CIT(A)

Source-  ICAI Pre-Budget Memorandum–2018 (Direct Taxes and International Tax)

Advertisement

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published.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