Audit date extended

3408 views 18 replies

naveen mohta

24 Points Joined August 2008

Order Under Section 119 of the Income-tax Act, 1961 - Extension of due date for furnishing audit report. - Order-Instruction - Dated 20-8-2014 - Income Tax F.No.133/24/2014-TPL GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Room No. 147 B-II, North Block New Delhi, the 20th August, 2014 Order Under Section 119 of the Income-tax Act, 1961 In exercise of power conferred by section 119 of the Income-tax Act (?the Act?), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014. 2. It is further clarified that the tax audit report under section 44AB of the Act filed during the period from 1st April, 2014 to 24th July, 2014 in the pre-revised Forms shall be treated as valid tax audit report furnished under section 44AB of the Act. (J.Saravanan) Under Secretary (TPL-III) Copy to:- The Chairman (CBDT), All Members, Central Board of Direct Taxes for information. All Cadre Controlling Pr. Chief Commissioners of Income-tax with a request to circulate amongst all officers in their regions/charges. The Pr. Director General of Income Tax (Admn.) Mayur Bhawan, New Delhi. The Director General of Income Tax (Systems) with a request for uploading it on the Departmental website. Commissioner of Income Tax (M&TP), CBDT. (J. Saravanan) Under Secretary (TPL-III)

Replies (18)

CA RAVIKUMAR R. C.

38 Points Joined July 2007

Is the filing of income tax got extended?

Ram Bishnoi

Proprietor

28 Points Joined May 2011

As per the notification only the date for filing of audit report is extended and not the date of filing of returns. Hence the date of filing remains the same i.e., 30th Sept 2014. The due date has been extended to bring out changes in the schema of audit report being submitted. Looks like government is trying to bring out as much information as possible from CA's for an easier analysis of information and further processing thereof.

sourabh

employed

46 Points Joined October 2012

In return of income we also have to mention the date of furninsh the audit report. If the date of ROI will not be extended then how ROI can be submitted.

Yogesh Gupta

Article

24 Points Joined January 2014

Right sourabh, well i discussed with my principal and other friends if the tax audit report will not submit then how to mention the firnishing date of audit report in itr

CA Nitin Kothari

144 Points Joined November 2007

What about return of income tax It is not mentioned return date is also extended How can return be filed without mentioning the date of audit report

Anish Shah

Job

27 Points Joined November 2009

Still there is Lot of Time for 30th Sep So Further Clarification Will Come Soon on this topic.

Shivang Chokshi

C A

182 Points Joined April 2008

Approval of audit report from client login is mandatory before filing of itr.. thus one needs to file audit report in order to file itr. If such protocol of audit report approval stays then itr date needs extension also..

sourabh

employed

46 Points Joined October 2012

I think income tax department will soon issue further clarification regarding this.

CA Sanket Gujar

Professional

74 Points Joined August 2008

Date for filing of return is certainly going to extend, just wait for the notification

Maruthi

Tds Returns Preparer

207 Points Joined March 2012

Yes, the due date to file the Return Upload is to be clarified yet. Because, the Audit Report Date should be mentioned in the ITR.

So, Assessees can have the time to upload the audit report upto Nov, 30, then how can the assessee mention the audit report date before two months (i.e., Sept,30).

Ram Bishnoi

Proprietor

28 Points Joined May 2011

Contra View:

1) The filing of return is not connected with the audit report. The ITR form filing does require only date of audit to be mentioned and not attaching of any report. The audit report can be any date may be prior to september 30th too. Hence the filing can go ahead without the efiling of audit report.

2) The assessee has to only approve the audit report filed by the CA in his login. It is like he is digitally signing the audit report that has been submitted by the CA.

Keeping both the above views in mind looks like the filing can be done without the submission of audit reports.

Regards,

Ram Bishnoi

Proprietor

28 Points Joined May 2011

New schema for form 3CA, 3CB and 3CD has been issued by the Government today. Please check the website incometaxindiaefiling.gov.in

ABHIJIT BANERJEE

PROPRIETOR

37 Points Joined December 2013

Dear All ,

Some of my professional friends and some clients are asking that whether there is an extension of due date in furnishing Income Tax return up to 30-11-2014 for Tax Audit Assessee or not. According to me :-

1) As per Order Under Section 119 of the Income-tax Act, 1961 dated 20-08-2014, there is an extension of due date for obtaining Audit report U/s 44 AB of the Income tax Act . As stated in the order , ' (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-2015 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014.

----- So there is an extension up to 30-11-2014 in Obtaining Audit report And Furnishing The same.

2) Now If we consider ITR-4 Or ITR -5 , there is a column on first page of Return where the date of Audit Report and date of Furnishing The Audit report has to be stated.

---- so there is an extension of due date for furnishing Income Tax return For Tax Audit assessee up to 30-11-2014.

Please let me know that am I correct or not .