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Income Tax : Stay updated with key changes and precautions in filing your Income Tax Return for FY 2023-24 to avoid penalties and ensure accura...
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I am informed that CBDT had carried out changes in the Tax Audit Schema thrice already with the latest one being on January 6th, 2022. These last-minute changes are causing unnecessary hassle for the audit professionals who themselves are struggling with the pandemic.
The Institute of Chartered Accountants of India has submitted a representation on 6th January, 2022 to Chairman, CBDT requesting to consider waiver of penalty and other consequences for furnishing of Report of Audit under any provision of the Income-tax Act, 1961 for the A. Y. 2021-22 after January 15, 2022.
Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entities had issued bogus invoices more than […]
The Punjab Accountants Association has requested FM for Extension of due date for filing Tax Audit Reports and related Returns for AY 2021-22 under IT Act. 1961. They request FM to be kind enough and extend due date for uploading Tax Audit Reports further from 15th January, 2022 to 28th February, 2022 and related Income-tax […]
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: canischalrb@gmail.com Date: 08/01/2022 Smt. […]
Rajya Sabha Member CA N. D. Gupta has requested MS. Nirmala Sitharaman, Union Minister of Finance to extend Tax Audit filing date for Assessment Year 2021-22. He requested to extend the date of filing Tax Audit report u/s. 44AB of Income Tax Act 1961 to another date based on advise from NITI AAYOG/Health Ministry. Extension in […]
Jamshedpur Chartered Accountants Society has made a representation to Finance Minister on Relaxation urgently required in Audit Compliance due to outbreak of COVID-19 once again in the whole country. They requested that due dates of filing various Audit Reports for the financial year 2020-2021 to be extended at least by two months from existing due […]
Lucknow CA Tax Practicioner’s Association has made a representation for extension of due dates for filing of Tax Audit Reports (TAR) and filing of Income Tax Returns (ITRs) under the Income Tax Act 1961. LUCKNOW CA TAX PRACTITIONERS ASSOCIATION Room No 13, Aayakar Bhawan, Ashok Marg, Lucknow-226001 Email: lucknowca.tpa@gmail.com CA Sujeet K. Singh (President) M. […]
Chartered Accountants Association, Jalandhar has made a request to FM for Extension of specified date of filing tax audit report and other forms falling due on or before 15th January, 2022. Text of their representation is as follows:- CHARTERED ACCOUNTANTS ASSOCIATION (C R Building, Model Town Road, Jalandhar) For correspondence care:- CA. Ashwani Jindal, General […]
Joint representation fo Extension of various dues dates of filing Audit Reports and Income Tax Returns under Income Tax Act, 1961 in the backdrop of technical glitches on the IT portal coupled with Covid-19 third wave
