Extension of Income Tax Return Filing Due Date till 31st August 2023 to provid relief to taxpayers requested by AIFTP

The All India Federation of Tax Practitioners(AIFTP) has requested to Hon’ble Finance Minister Smt. Nirmala Sitharaman to Extend Due Date of Income Tax Return Filing for AY 2023-24 for One Month.

All India Federation of Tax Practitioners is one of the largest professional bodies of tax practitioners, Advocates and Chartered Accountants, both of Direct and Indirect Taxes. It has been functioning for the last about 46 years and founded by Renowned Jurist Late Nani Palkhiwala and Hon’ble Justice J. C. Shah, Judge, Supreme Court of India. The aims of the Federation are to promote interest, awareness, and carrier opportunities in the field of taxations amongst Indian Citizen. Presently, AIFTP has above 11000 members from all part of the country and about 130 Tax Bar Association located in 27 out of 29 state of our country.

All India Federation of Tax Practitioners, apex body of tax professionals takes the opportunity to present some relevant issues for the above captioned subject for your kind consideration.

With respect to the above mentioned subject, we would like to bring to your kind notice that there is natural calamities of flood in various parts the country.

Also AIS updated and 26AS updated data on portal were made available very late to the assessees i.e. at the fag end of June, 2023, to reconcile to file their income tax returns falling due on 31st July 2023, posing difficulties for tax payers and tax professionals. The adverse impacts of floods on infrastructure and connectivity has also hampered compliance with the impending deadlines.

The AIFTP humbly requests one Month extension, till 31st August 2023 to provide relief to taxpayers and avoid from delay late fee provisions to be imposed on the taxpayers for the reasons beyond their control.

In view of the above facts, it is earnestly submitted that the time of 31st July 2023 ending deadlines for Income Tax Return fillings may kindly be extended for one more month, i.e. 31st August 2023.

For Official Representation Download PDF Given Below: