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:-
(i) The Chairman (CBDT), All Members, Central Board of Direct Taxes for information.
(ii) All Cadre Controlling Pr. Chief Commissioners of Income-tax with a request to circulate amongst all officers in their regions/charges.
(iii) The Pr. Director General of Income Tax (Admn.) Mayur Bhawan, New Delhi.
(iv) The Director General of Income Tax (Systems) with a request for uploading it on the
Departmental website.
(v) Commissioner of Income Tax (M&TP), CBDT.
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Due date extended tax audits
Hello,
Its a fake concession,
Due Date of Tax Audit Report has been extended to 30 Nov.
Due Date of ITR is same (30 Sep).
Ajab .... Gajab.
No Ajab Gajab, dear.
Extension for AR means for ITR too. Because one can't fill the ITR without completing Audit.
Clarification in this regard shall follow shortly, for sure.
T & R
KP
Is It sure K P Bhanushaliji??
I agree with Bhanushaliji.
The CBDT order remains unclear on this subject lets hope this is clarified soon.
That also means that CAs should their cancel holiday plans :)
Yes, Sudhakarji,
Right view.
T & R
KP
yes, Due Date for tax audit is extended to 30th Nov,2014 and also for ITR
But it looks like a fake concern attempt by CBDT. Its ridiculous to continue with the same format for AY 2014-15. They should have ideally made it applicable from next year or atleast intimated this change before March 2014.
It still remains the same for those assessees who have international transactions. The due date for them remains the same before and after i..e., 30th Nov.
These steps looks like they are punishing assessees and CAs. Massive wastage of time and resources. Inspite of doing all these changes, there is no guarantee that there would be less harrassment during the assessment.
Its not cleared only audit report furnishing date extended or itr filing date
Dear Friends,
In ITR Form at the General Information page, date of signing audit report and date of furnishing audit report needs to be filled before filing ITR. Then without preparing & submitting AR how one can fill these columns. It seems extention must apply to both ITR & AR. Let us see what others say.
Thanks
SARAVANAN.M
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