Rajasthan Excessive Court docket directs CBDT to increase tax audit report submitting deadline to Oct 31

The Rajasthan Excessive Court docket's Jodhpur bench, in an interim order, directed the Central Board of Direct Taxes (CBDT) to increase the final date for submitting Tax Audit experiences to October 31.

Listening to a Public Curiosity Litigation (PIL) filed by the Jodhpur Tax Bar Affiliation concerning the issues within the Revenue Tax portal on Wednesday, a division bench of Justice PS Bhati and Justice Bipin Gupta directed the CBDT to challenge a notification intimating the extension and listed the matter for subsequent listening to on October 27.

The counsel for the petitioner affiliation submitted to the courtroom that enormous companies, trusts, firms, and merchants are required to finish their annual audits by September 30, and now only some days are left.
Yearly, round 40 lakh audit experiences are filed throughout the nation earlier than the deadline. As of September 23, solely about 4 lakh audit experiences have been submitted nationwide, which signifies that submitting 36 lakh audit experiences in lower than per week is inconceivable. Not solely tax professionals but in addition enterprise house owners throughout the nation have been constantly demanding an extension of the deadline, the petitioner affiliation argued, whereas citing comparable petitions in different elements of the nation.

The petitioner additionally submitted that the utility for submitting the Tax Audit Report was launched on July 18, and main modifications have been made to it on August 14, whereas the statutory due date stays September 30, thus leaving the taxpayers with solely 47 days, whereas beneath the legislation, they need to have been given 183 days.

Within the PIL filed beneath the management of Affiliation President Ajay Soni, a requirement has additionally been made to both lengthen the due dates for submitting the Tax Audit Report and Revenue Tax Returns or to permit bodily submitting of the identical.Referring to the continued festive season, Soni mentioned that as an alternative of specializing in clients in the course of the festive season, merchants are busy managing enterprise accounts and requested how thousands and thousands of audits could be accomplished in simply 10 days?

The federal government ought to think about this challenge, however since that didn't occur regardless of our elevating the difficulty, a PIL needed to be filed within the Excessive Court docket as the one resort, he added.