Extend due date of filing TAR and Income Tax Returns for AY 2021-22

Extend due date of filing TAR and Income Tax Returns for AY 2021-22: Punjab Accountants Association  Punjab Accountants Association requests for due date extension of filing ITR & TAR for FY 2020-21 Punjab Accountants Association has requested Smt. Nirmala Sitharaman (Hon’ble Finance Minister)  to extend due date for uploading Tax Audit Reports from 15th January, 2022 to 28th February, 2022 and related Income-tax Returns for AY 2021-22 to 31st March, 2022 Punjab Accountants Association has requested to extend due date for uploading Tax Audit Reports  and related Income-tax Returns for AY 2021-22  Below is a copy of the Representation Submitted : Smt. Nirmala Sitharaman Hon'ble Union Minister of Finance, Ministry of Finance, Government of India, 15, Safdarjung Road, New Delhi - 110001 Sub: Extension of due date for filing Tax Audit Reports and related Returns for AY 2021-22 under IT Act, 1961 Respected Madam, We, being an Apex Body of Accounts Professionals from all over Punjab, once again through this Representation draw your kind attention towards the fact that having received various complaints from our members facing various glitches, errors and other issues causing substantial delays in uploading TARs and submitting related Income-tax Returns on the income-tax portal. As is well known, we, being the backbone of nation’s economy, we act as a bridge between taxpayers and the Government in order to increase revenues all the way. It is a fact that during the past Utilities for filing ITR-5 and ITR-6 and various Income tax Forms, like; 3CA/CB-3CD have been updated by the software company too late and the latest Schema for Tax Audit Report was rectified/clarified on 06th January, 2022. Consequently, most of the Professionals are uploading revised data, which takes a lot of time to rectify. No doubt, the portal is working smoothly, even though, the Professionals are taking time to take note of important data of their clients. Further, it is pertinent to mention over here that due Third Wave of Corona (Omicron) most of the States have imposed weekend curfew. The Government has also restricted normal entry in staff in the offices. It is a fact that due to haphazardness among the society, all citizens are not fully vaccinated, as such they are unable to approach frequently to their Auditors in their offices. Whereas the Companies have already deposited Advance-tax, and they have only to upload their Reports. In case some time to upload Tax Audit Reports is given to the Professionals, no loss of revenue will cause to the Government. Moreover, the ROC has already extended due date for submitting various forms by the Companies to 28th February, 2022. Therefore, it is our earnest request to please be kind enough and extend due date for uploading Tax Audit Reports further from 15th January, 2022 to 28th February, 2022 and related Income-tax Returns for AY 2021-22 to 31st March, 2022 under Section 139(1) of Income Tax Act respectively. We, the Professional Accountants, shall be highly obliged. For Official Copy of Representation Download PDF Given Below: