Income Tax Return: ICAI is not in favor of making Representation for Due Date Extension, says Chairman (DTC)

In a statement spreading on social media, the Chairman, Direct Taxes Committee of the Institute of Chartered Accountants of India (ICAI) has clarified that the Institute is not in favour of making any representation before the Government requesting for a due date extension.

“Representation has been made by DTC of ICAI to CBDT with regard to issues on the Income Tax portal. Moreover, for such issues, the CBDT may extend due date suo moto,” the statement clarified.

“As you may be kindly aware that the due date to file ITR Forms for certain assessees as specified in clause (c) of Explanation 2 to section 139(1) of the Income-tax Act, 1961 for Assessment Year 2022-23 is 31. July, 2022 which is just round the corner and fast approaching. We are sure the work regarding the ITR filing of clients is in full swing and our members would be able to achieve the said deadline as always. In this regard, we wish to inform that the Direct Taxes Committee (DTC) of ICAI is not in favour of making any representation for extension of any due date,” the statement said.

The statement further said that with extended due date, efforts and expenses increase, fees do not increase and as a consequence contribution reduces. 

“Time for continuing education and knowledge updating and even for leisure is reduced causing long term adverse consequences. CAs are not required to pay cost of delay and taxpayer who are subjected to costs, their associations may represent,” it said.

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