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Tax professionals seek more time for e-filing of returns and Tax Audit

Posted Date : 28-Oct-2017 , 08:28:09 am | Posted By CASANSAAR print Print
Tax professionals  has sought extension of the time for e-filing of income tax returns for the entities "where tax audit report or transfer pricing report or other audit reports are prescribed" till November 30.

Among other things, it has cited non-availability of clerical staff at chartered accountants' offices due to GST roll-out as a reason.

"This year, professionals are busy in making compliance with GST obligations... the technical glitches in the system have aggravated the problems," the letter said.

Besides, the CBDT has revised e-filing income tax return (ITR) preparation utilities for filing all types of ITR forms, tax audit report under section 44AB and also the schema for tax audit reports, the Federation said.

"Moreover, important changes have been made in audit reports for companies and in audit reports for other than companies. Due to schema updation, respective software has also to be updated, which will take some time," the letter said.

The CA examination is scheduled from November 1 and most of the articled clerks and assistants are on leave, the Federation claimed.

Thousands of Tweet / Retweet done by professionals to PMO, PM, FM, FinMin for extension of Tax Audit and Efiling Date. #casansaar

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