The Institute of Chartered Accountants of India (ICAI) has extended the deadline for submitting the Multipurpose Empanelment Form (MEF) for 2020-21. The new submission date is now 23rd October 2020, moved from the original date of 12th October. This extension was granted in response to requests and challenges faced by ICAI members due to the COVID-19 pandemic. Additionally, members opting for the Presumptive Taxation Scheme under Section 44ADA of the Income Tax Act, 1961, and who have filed their ITR accordingly for FY 2018-19, are not required to submit financial statements like Balance Sheets and Income & Expenditure Accounts.
In lieu of the COVID-19 pandemic, the Institute of Chartered Accountants of India hasextended the last date for submission of the online Multipurpose Empanelment Form along with the Declaration for the year 2020-21, from 12th October 2020 to 23rd October 2020. Read the official announcement below:
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FAQ :
The last date for submitting the Multipurpose Empanelment Form (MEF) 2020-21 has been extended to 23rd October 2020.
The deadline has been extended due to the challenges faced by ICAI members owing to the COVID-19 pandemic.
No, if you have opted for the Presumptive Taxation Scheme under Section 44ADA of the Income Tax Act, 1961, and have filed your ITR accordingly for the financial year 2018-19, you do not need to submit financial statements like Balance Sheets and Income & Expenditure Accounts.
The Multipurpose Empanelment Form (MEF) for the year 2020-21 is available online at https://meficai.org.
For any clarification, MEF applicants can write via the Complaint Module at https://app.meficai.org/complaints or email at mefpdc@icai.in.