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The Chartered Accountants Association, Surat has written a representation letter to the Ministry of Finance stating theirResentment towards FMOs Approach on Direct-Indirect Taxes Corporate Affairs. Read the official representation letter below: To, Smt. Nirmala Sitharaman, Ministry of Finance, North Block, New Delhi 110 001. Honble Madam, Sub: Requestfor ExtensionofDueDatesforfiling Tax Audit,Audit Reports underIncomeTaxAct andITRfor AssessmentYear2020-21. Tax Practitioners Assoc
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FAQ :
The Chartered Accountants Association, Surat (CAAS) has written the letter.
The letter was addressed to the Ministry of Finance, specifically to Smt. Nirmala Sitharaman.
The letter expresses resentment towards the FMO's approach on direct-indirect taxes and corporate affairs, and requests an extension for tax audit and income tax return filing due dates for Assessment Year 2020-21.
The primary reasons cited are the ongoing impact of the Covid-19 pandemic, including night curfews, restrictions on office operations, difficulties in commuting, and the health risks faced by professionals and clients.
Yes, the CBDT had previously extended the due dates for tax audit and income tax return filing due to the Covid-19 pandemic.
The request specifically mentions extensions for Tax Audit, Transfer Pricing Audit, various other Audit Reports under the Income Tax Act, and Income Tax Return filing for AY 2020-21.
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