Quick Summary
CBDT passes order u/s 119 of the Income Tax Act, 1961 in F No. 370153/39/2020-TPL dt 11th January 2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in compliance with the order of honble Gujarat High Court dt 8th January 2021. Read the official order below: F.NO. 370153/39/2020-TPL GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) (TAX POLICY AND LEGISLATION DIVISION) New Delhi, 11th
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FAQ :
No, the CBDT has issued an order confirming that there will be no further extensions for the due date of filing income tax returns and tax audit reports.
Previous extensions were granted due to the global pandemic caused by COVID-19.
Section 44AB of the Income Tax Act pertains to the requirement of filing a tax audit report.
The Gujarat High Court directed the Ministry of Finance to consider representations for extending the due dates for filing audit reports and make an appropriate decision.
The CBDT passed its order on 11th January 2021.
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