Surprise Extensions under the Income Tax Act

CA Satish Badve | Last updated: 03 August 2021

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The article discusses the frequent and often last-minute extensions granted for filing various tax-related documents under the Income Tax Act. It highlights the anxiety this causes for taxpayers and consultants, suggesting that extensions should be automatic and linked to specific events, such as website downtime. The author advocates for a shift in mindset, viewing timely compliance despite hurdles as a positive achievement, and calls for clearer, across-the-board extension announcements rather than piecemeal notifications.

EXTENTION IN DUE DATE OF FILING Every year, at the beginning, in between and at the flag end of the year, we came across with the extension of the due date of filing of various forms, returns, audit reports, submissions, and compliances under the various acts like The Income Tax Act, The GST Act,

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

CA Satish Badve

Professional Practice

CA Satish Badve B.Com.F.C.A.D.C.M.D.I.S.A. Also completed.D.I.T.L.W.T.O. In Professional Practice since 1987. Mainly, Bank Audit,Finance,Taxation. Yoga Teacher, Instructor, Ministry of Ayush, Member of Yoga alliane USA

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