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Discussion < Income Tax < Request to Review Extension of TAR to 30 Nov 2014
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students zone,CA Students
CA. Dilip Khetan


[ Scorecard :60 ]
Your attention is invited to the CBDT's order dtd. 20 Aug, 2014 extending the date of furnishing TAR from 30 Sept to 30 Nov for AY 2014-15 tax audits under Section 44AB. What the CBDT gave us in the name of Date Extension of furnishing TAR yesterday to 30 November, 2014 was very much probable. They were liable to compensate for the loss of time since 25 July 2014 to lakhs of Auditors and Assessees involved in Tax Audit for halting the Tax Audit process and not bringing the required Schema even so far. To hide their inefficiency and to make us silent, the CBDT brought the Extension of TAR furnishing date to 30th November. In fact, we have got nothing but only an extension, which would make us to loss our another 2 months' time for same audit work, which otherwise would be completed by 30 Sept. Why we should unnecessarily to be engaged upto 30th November for the Tax Audit work, which we were capable and planned to handle by 30th Sept. itself? Why we should bear for the faults of CBDT..?? The Income Tax Act provides Auditors a time frame of 180 days, from April 1 to Sept 30, to plan our schedule and utilization of resources to perform our duties as Tax Auditors accordingly. Then why and how the CBDT may deprive us from the time slot allowed under the Act, by making some amendments in Rules in mid of year all of a sudden and in arbitrary way. If the CBDT could not provide Schema or else, why they brought in hurry such foolish notification on 25 July, 2014 to make the whole Tax Audit process at a stand still all over the nation. Whether there is no value of our time for them or no one is concerned about its loss. What was the urgency and relevance to bring it in mid of the year, where lot of work was under process and around uploading. And why two set of TARs acceptable to CBDT for single A.Y. Is it justified? Why we as auditors to re-visit or audit afresh the TARs completed by us, but only pending to upload? Why not the CBDT may notify TAR well before 31st March to let every CA plan their audit schedules accordingly? Any transit to new audit formats by CBDT should always be smooth, well planned, flawless, notified in advance and over night, so as to not hamper the work Even for a Single Day. And the mid year significant changes in Audit Formats are not tolerable at all. The ICAI and CBDT is kindly should take appropriate action in public and professional interests to resolve the undue hardships faced by lakhs of CAs, assessees and advocates regarding submission of ITRs and TAR every year. It is therefore requeted that a proper and timely procedure should be invariably framed and adopted by the CBDT to introduce all the ITRs and Audit Forms certainly by the First Week of April every year, alongwith simultaneous release of their relevant Schema/Utility. And such it is also requested that the CBDT should kindly review the extension granted for furnishing TAR yesterday and kindly allow the Previous TAR Format and Schema to continue even for the period after 24 July, 2014 for current year and let the proposed changes to TAR formats make effective only w.e.f. 1.4.2015 after thorough testing of a foolproof Schema/Utility and in due consultation with ICAI to make it more appropriate and more effective tool for the Income Tax Department. Thanks & Regards, CA. Dilip Khetan and Members of Gorakhpur CA Association Gorakhpur, U.P. 21.08.2014








Vimmi


[ Scorecard :22304 ]

Yes, CBDT should rethink about this. No user of Extension of TAR without Extension of ITR...

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