The Chamber of Tax Consultants has submitted a representation to the Finance Minister seeking an extension of statutory due dates for tax compliance. This request stems from the ongoing Coronavirus (COVID-19) pandemic, which has led to widespread 'work from home' policies and reduced operational capacity for many businesses. Given that March is the last month of the financial year and a critical period for tax filings and payments, the Chamber argues it is unreasonable to expect taxpayers to meet these deadlines under the current circumstances. They propose an initial blanket extension until April 30th, with further consideration if the situation persists.
The outbreak of Coronavirus(COVID-19) in India, which has been declared a pandemic by the World Health Organisation has become pretty serious. It is in the best interest of all that we keep a social distance. As a preventive measure from the exposure of the virus COVID-19, work from home has come to
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FAQ :
The Chamber of Tax Consultants has requested an extension for statutory due dates.
An extension is being requested due to the serious outbreak of Coronavirus (COVID-19), which has been declared a pandemic.
The main concern is that it is unjust to expect taxpayers to pay taxes and file statements/returns with deadlines in March, given the impact of COVID-19 on businesses and the implementation of 'work from home' policies.
The Chamber of Tax Consultants has proposed a blanket extension of time up to April 30th for all statutory compliances.
If the situation of COVID-19 worsens further, the Chamber suggests considering an extension for such compliances and also for the payment of taxes.
The Chamber of Tax Consultants is an established non-profit organisation of tax practitioners, including Advocates, Chartered Accountants, and Tax Practitioners, founded in 1926.