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ITR Filing Deadline Might Be Extended Beyond September 30

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In view of the glitches in the new portal which has been given a deadline to be free from any glitches until September 15, there is supposed that ITR filing may be further extended. This is because even experienced Chartered Accountants are finding it difficult to go about smoothly on the new Income tax portal.

 
ITR Filing Deadline Might Be Extended Beyond September 30

Previously for the fiscal year 2020, the deadline for ITR filing was extended 4 times to be last completed by January 10.

Chartered Accountant Deepak Shah, Chairman, Taxation Committee, Bombay Chartered Accountant Society is quoted as saying in a ET report that "The ITR filing deadline for individuals, and entities other than companies whose accounts are not liable to audit, is September 30,202 .This should definitely be extended for the reason that the new income tax portal continues to have many glitches for the past two and a half months and these are yet to be resolved. We chartered accountants, as professionals, do not want that tax return filing dates get extended time and again, as this compounds our problems. We entirely support the governments endeavour for timely and complete compliance and extensions do create untold pressure though now there does not seem to be a choice. Our suggestion to the authorities in simple words, is it is like a GIVE & TAKE principle. 'Give the taxpayer a proper glitch free site, efficient software, proper guidance well in advance, and expect proper timely compliance'.

As per the professional body the time and again shifting of deadline leads to a series of issues as the other compliance dates will also further be extended and it becomes difficult to cope with a series of deadlines in a short span of time. The professional body suggest that the deadlines be extended suo-moto and that too well in advance, while ensuring that the glitches are solved expeditiously. This will result in better compliance and re-generate confidence in professionals and the taxpayers."

 

GoodReturns.in

Read more about: itr filing compliance
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