ICAI seeks waiver of penalty till March 31 for filing tax audit reports
PTI, Jan 9, 2022, 7:33 PM IST
New Delhi: Chartered accountants’ apex body ICAI has sought time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and ”consistent technical glitches” being faced in using the new I-T portal.
In this regard, the Institute of Chartered Accountants of India (ICAI) has submitted a representation to the Central Board of Direct Taxes (CBDT) Chairman J B Mohapatra.
ICAI has requested that penalty and other consequences should be waived for filing tax audit reports and other reports/certificates for AY (Assessment Year) 2021-22 till March 31, 2022.
The last date for furnishing the report of audit under any provision of the Income Tax Act for AY 2021-22 is January 15.
In a release on Sunday, ICAI said that due to the pandemic, taxpayers are finding difficulties in finalizing data for completing accounts, confirmations, reconciliation, and preparing inputs for compiling tax audit reports.
”Issues like non-availability of Form No 3CEB and difficulties in filing forms like 10C and 10B are still continuing.
”Further, considering the current situation of lockdowns and extremely fast spread of Omicron/ COVID-19 and consistent technical glitches being faced in the operation of the new portal, compliance is meeting with hindrances,” the release said.
The representation was submitted to the CBDT on January 6.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Gautam Adani charged in US with USD 250 mn bribery, fraud
India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty
MUST WATCH
Latest Additions
Siddaramaiah says confident of winning all three bypolls in Karnataka
Hop on! IT Minister Priyank Kharge checks out Uber Shuttle at Bengaluru Tech Summit
Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
AIMPLB to hold its annual general sessions in Bengaluru from November 23
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.