NO REPRESENTATION FOR INCOME TAX RETURNS DUE DATE EXTENSION: WELL JUSTIFIED MOVE BY DTC OF ICAI:

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NO REPRESENTATION FOR INCOME TAX RETURNS DUE DATE EXTENSION: WELL JUSTIFIED MOVE BY DTC OF ICAI:  

 

 

DTC of ICAI is not in favour of making representation for extension of any due date. It will be appreciated that such a step is counter productive for professional interests for the reasons:
1. With extended due date, efforts and expenses increase, fees do not increase ans as a consequence contrrbution reduces.
2. Time for continuing education and knowledge updating and even for leasure refuced causing long term adverse  consequences.
3. CAs are not required to pay cost of delay and taxpayer who are subjected to costs, their associations do not represent. Authority questions this aspect when DTC represents.
Therefore, please enlighten taxpayers to provide data in time to avoid unpleasant consequences.
If there are issues with IT Department system or late rekease of form, schema this is pointed out by DTC to CBDT. Taxpayer and Industry associations should represent these issues with the government. DTC can support in drafting representations.
Moreover, for such issues CBDT should extend due date on its own.
Please take care to discharge assignments delligently, take due representation from assessee for income computation and nandate to upload ITR. Please do not carry any pressure, work with pleasure which will lead to prosperity.
*CA Chandrashekhar Chitale*
*Chairman, DTC of ICAI*

 

4 Comments

  1. July 25, 2022
    vswami

    “WELL JUSTIFIED MOVE” – or NO MOVE is WELL JUSTIFIED ?!

    Reply
  2. July 25, 2022
    Jawahar Lal Moondra

    When all most all persons reached railway station to board their scheduled train well before start of train, reaches airport to take booked flight, reaches theatre to see the movie, then why they want time more than 4 months to get their accounts finalised, closed and file their income tax returns. Therefore there should not be any representation from any forum for same and the move of ICAI committee is well appreciated

    Reply
  3. July 26, 2022
    Naresh Jakhotia

    Its a good decision by ICAI

    Reply
  4. July 30, 2022
    T N Soundararajan

    We are at Railway station or Airport on time for flight. But if train or flight doesn’t takeoff due to technical glitches are we to live in train or Airport and not knowing how long?

    Reply

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