CAs demand Tax Audit Report due date extended

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CAs demand Tax Audit Report due date extended

Incidentally, #FinanceMinisterMissing is trending on Twitter since today mornning

Thursday September 26, 2019 7:31 PM, ummid.com News Network

[Still working at office around 3am. Are we CAs or what??? Kindly extend date we have family & personal life too, CA Rahul Baidmutha @rahulbaidmutha wrote tagging this photograph on Twitter.]

Mumbai: A large number of Chartered Accountants (CAs) and Assessees on Thursday took on Twitter to demand from the Union Finance Minister Nirmala Sitharaman to extend the due date for filing Income Tax Returns (ITR) with Tax Audit Reports for the Financial Year 2018-19 i.e. Assessment Year (2019-20).

Tax payers who are required to submit IT Returns with Tax Audit Report include corporates, individuals carrying on any business with total sales or gross receipts exceeding Rs 1 crore, and those providing any professional services with gross receipts exceeding Rs 50 lakh in a financial year.

"First time the country, Finance Ministry, CBDT and GST Council witnessing the Social Media Power of Chartered Accountants. This is a wake up call. Don't bend it until it breaks down", CA Dinesh Wadera (@dineshwadera) wrote on Twitter using hash tag #TaxAuditExtendToday and #FinanceMinisterMissing.

Incidentally, #FinanceMinisterMissing is trending on Twitter since today mornning with thousands of messages posted on the Microblogging Social Media site.

"Dear Mam @nsitharamanoffc never has been the fraternity which is a crucial link between business owners & govt so helpless & desperate, please listen to the voice of nation, we require at least 2 months to deliver quality results, please extend #TAR", R.P.R. Financial Services (@RPR_Fin_Service) wrote.

"Yesterday more than 60K tweets from Business and CA for Extension in Tax Audit, However it seems #FinanceMinisterMissing Why Small Practicing CA & SME Business Suffer", Expertmile (@expertmile) wrote on Twitter.

"Various Nationwide Trends by Chartered Accountants demanding Extension in TAR & Simplification of GST forms is a proof that there is something severely wrong with Policies at Finance Ministry. This needs a quick attention. #FinanceMinisterMissing, CA Dinesh Wadera (@dineshwadera) wrote.

"Still working at office around 3am. Are we CAs or what??? Kindly extend date we have family & personal life too", Rahul Baidmutha @rahulbaidmutha wrote tagging a photograph.

Under Section 44AB of the Income Tax Act, September 30 is the last date for filing of ITR with Tax Audit Report. However, the Central Board of Direct Taxes (CBDT) had extended the due date for the past 03 years.

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