ICAI not in favour to made representation for any due date extension to CBDT or CBIC
The Institute of Chartered Accountants of India (ICAI) has clarified that the Institute is not in favour of making any representation before the Government requesting due date extension for Income tax Return Filing. The Chairman of the Direct Taxes Committee of ICAI is Sure the work regarding the ITR filing of clients is in full swing and our members would be able to achieve the said deadline as always.
According to the statement by DTC, Chairman:
As you may be kindly aware that the due date to file ITR Forms for certain assessees as specified in clause (c) of Explanation 2 to section 139(1) of the Income-tax Act, 1961 for Assessment Year 2022- 23 is 31st July 2022 which is just around the corner and fast approaching. We are sure the work regarding the ITR filing of clients is in full swing and our members would be able to achieve the said deadline as always.
In this regard, we wish to inform you that the Direct Taxes Committee (OTC) of ICAI is not in favour of making any representation for an extension of any due date. It will be appreciated that such a step is counter productive for professional interests for the reasons as below:
1. With an extended due date, efforts and expenses increase, fees do not increase and as a consequence contribution reduces.
2. Time for continuing education and knowledge updating and even for leisure is reduced causing long term adverse consequences.
3. CAs are not required to pay the cost of delay and taxpayers who are subjected to costs, their associations may represent.
Therefore, you are hereby requested to please enlighten taxpayers to provide data in time to avoid unpleasant consequences. Further, representation has been made by OTC of ICAI to CBDT with regard to issues on the Income Tax portal. Moreover, for such issues, the CBDT may extend due date suo moto.
Please take care to discharge assignments diligently, take due representation from the assessee for income computation and mandate to upload ITR. Please do not carry any pressure, work with pleasure which will lead to prosperity.
For the Official Statement Download PDF Given Below: