 "Govt extends deadline for return filing of audit reports to November 7")
The government has decided to extend until November 7 the last date for e-filing of income tax returns for those taxpayers who file audit reports.
A senior official said the Central Board of Direct Taxes (CBDT) took the decision to extend the deadline by a week, considering the "representations made by various stakeholders".
This is the second extension given to them after the first deadline expired on September 30 and it was extended until October 31.
Tax practitioner bodies had sought an extension from the government, saying they needed more time to file returns for entities where tax audit report or transfer pricing report or other audit reports are prescribed to be filled.
Among other things, they had cited non-availability of clerical staff at chartered accountants' offices due to the GST rollout as a reason.
"This year, professionals are busy in making compliance with GST obligations... the technical glitches in the system have aggravated the problems," a federation had said in a representation to the CBDT, the policy-making body of the Income Tax Department.
Besides, the CBDT has revised e-filing income tax return (ITR) preparation utilities for filing all types of ITR forms, tax audit report, the federation had said.
A senior official said the Central Board of Direct Taxes (CBDT) took the decision to extend the deadline by a week, considering the "representations made by various stakeholders".
This is the second extension given to them after the first deadline expired on September 30 and it was extended until October 31.
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Among other things, they had cited non-availability of clerical staff at chartered accountants' offices due to the GST rollout as a reason.
"This year, professionals are busy in making compliance with GST obligations... the technical glitches in the system have aggravated the problems," a federation had said in a representation to the CBDT, the policy-making body of the Income Tax Department.
Besides, the CBDT has revised e-filing income tax return (ITR) preparation utilities for filing all types of ITR forms, tax audit report, the federation had said.
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