Technical data

The ICAI requests a penalty waiver until March 31 for the filing of tax audit reports


The umbrella body of chartered accountants ICAI has requested until March 31 to file tax audit reports without penalties, citing the coronavirus pandemic situation and the “constant technical problems” encountered when using the new IT portal.

In this regard, the Institute of Chartered Accountants of India (ICAI) submitted a representation to the Chairman of the Central Direct Taxes Council (CBDT), JB Mohapatra.

The ICAI has requested that penalties and other consequences be lifted for filing tax audit reports and other reports / certificates for AY (assessment year) 2021-22 until March 31, 2022.

The deadline for submitting the audit report under any provision of the Income Tax Act for YY 2021-22 is January 15.

In a statement released on Sunday, the ICAI said that due to the pandemic, taxpayers are finding it difficult to finalize data to complete accounts, confirmations, reconciliation and prepare inputs for compiling tax audit reports. .

“Problems such as the non-availability of Form 3CEB and the difficulties in filing Forms 10C and 10B persist.

“In addition, given the current lockdown situation and the extremely rapid spread of Omicron / COVID-19 and the constant technical issues encountered in the operation of the new portal, compliance is encountering obstacles,” the statement said.

The performance was submitted to the CBDT on January 6.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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