Tax Pros Urge Extension for Sept 30 Audit Deadline
By ThePip Desk
Tax professionals in India urge CBDT to extend the September 30 income tax audit deadline due to persistent e-filing portal and compliance issues.
Tax professionals and industry bodies in India are actively calling for an extension of the income tax audit deadline currently set for September 30. Chartered Accountants and practitioners have taken to social media under the hashtag #Extend_Due_Date to urge the Central Board of Direct Taxes for more time.
Understanding the Operational Hurdles
The push for an extension stems from multiple technical and operational challenges faced during the current filing cycle. Taxpayers and professionals are encountering systemic roadblocks that slow down the compliance process significantly.
Key Factors Behind the Extension Request
Here are the primary issues cited by industry bodies and professionals:
Persistent technical glitches on the income tax e-filing portal, including slow performance and errors that prevent the timely uploading of audit reports.
Operational difficulties involving data reconciliation across financial records.
Added complexities stemming from new reporting requirements implemented for the financial period.
Industry bodies state that granting an extension is necessary to ensure proper compliance. This measure would prevent penalizing taxpayers for delays caused strictly by systemic infrastructure limitations on the official portal.