Tax audit extension

vandana agarwal (CHARTERED ACCOUNTANT) (116 Points)
Replied 27 October 2017

yes it should be extended as demonetisation period data to be verified very carefully before audit, so date for tax audit must be extended

Siddharth Chhajer (ARTICLE) (24 Points)
Replied 27 October 2017

A big YESS... It should be extended otherwise there will lots of assessee who will be paying penalty this year

JAIRAM BHATT R (Chartered Accountant) (35 Points)
Replied 27 October 2017

GST due dates, C Form due dates, losses due to (1) demonetization dull sales (only for genuine parties, I know), (2) GST to sales negative impact, (3) reduction in sales due to general fear existing in customer minds, etc. etc. So many loss returns this year came up for filing. Lack of accountants due to post GST accounting boom also is a major concern which should not be neglected.

Data for filing returns have only started to come up.

devesh khandelwal (2 Points)
Replied 27 October 2017

Yes it should be extended, as we are not having time because of GST Returns.

DAYALAN VASANTHAN (ARTICAL STUDENT) (28 Points)
Replied 27 October 2017

yes It should be extended because the clients are facing GST problems

VINOD BHARDWAJ (3 Points)
Replied 27 October 2017

YES IT SHOULD BE EXTENDED

premilla (partner) (31 Points)
Replied 27 October 2017

Yes. Our clients are tied up with GST issues and have little or no time to furnish particlars required for tax audit. CAs assisting them are also similarly tied up. the manpower involved in GST issues and filing is disproportionate to the tax and is compounded by site related issues.The stress with the present timelines is also creating health problems.

nitin kothari (9 Points)
Replied 27 October 2017

Yes it's need of the hour as it has become difficult to handle all compliances in the same month. And this month was festive season then tride our level best to do compliances. Even articles are on leave for exams. Difficult and lot of pressure to do work which affects the quality of tax audit. Cbdt should make urgent attention to problems faced due to gst and extend the due dates on urgent basis atleast for 1 month. Hope cbdt and finance ministry take this in positive manner.

KNVSSARMA (Proprietor) (22 Points)
Replied 27 October 2017

Yes it should be.......

NAVNEET KUMAR JAIN (PARTNER) (41 Points)
Replied 27 October 2017

Dear All

So many deadline during October other than Tar. No time for family I have to postpone my Gall blader Surgery what more i can say

Zaheer Hussain A. (2 Points)
Replied 27 October 2017

Dear Team,

YES it should be extended as you all know the hectic work of GST yet to be complted for the month of Jul-2017

CA ramesh (CA) (131 Points)
Replied 27 October 2017

Need not be. Aready extended by one month. May be penal consequences need not be imposed

Shishir Baranwal (14 Points)
Replied 27 October 2017

Yes. Of course. We even spoiled our festival for such due date but the situation is still worst due to GST.

chinmay de (2 Points)
Replied 27 October 2017

Yes, the dealer / assessee is till now very much busy with GST related job. So Tax Audit date should be extended and we request the Govt. to exdend the tax audit along with income tax file submission date

nitin kothari (9 Points)
Replied 27 October 2017

Yes it's need of the hour as it has become difficult to handle all compliances in the same month. And this month was festive season then tride our level best to do compliances. Even articles are on leave for exams. Difficult and lot of pressure to do work which affects the quality of tax audit. Cbdt should make urgent attention to problems faced due to gst and extend the due dates on urgent basis atleast for 1 month. Hope cbdt and finance ministry take this in positive manner.

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