Quick Summary
The Chamber of Tax Consultants has written a representation letter to the Ministry of Finance and CBDT to adopt a humane approach in handling the extension of due dates and have requested for the following extended due dates: 1. The due dates for filing of Tax Audit, Transfer Pricing Audit, and other reports to February 28, 2021, from January 15, 2021; 2. The due dates for filing of Income Tax Return to March 31, 2021, from January 10, 2021, or February 15, 2021, as the case may be; 3.
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FAQ :
The Chamber of Tax Consultants has requested the extension of tax due dates.
The representation letter was sent to the Ministry of Finance and the Central Board of Direct Taxes (CBDT).
The proposed new due date for Tax Audit, Transfer Pricing Audit, and other reports is February 28, 2021.
The suggested new due date for filing Income Tax Returns is March 31, 2021.
The requested due date under the Vivad se Vishwas scheme is February 28, 2020.
They are requesting extensions due to the ongoing challenges and disruptions caused by the COVID-19 pandemic, which have impaired the functioning of businesses and tax practitioners.
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