Kolkata: The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28 and the due date of filing of income tax returns of assessment year 2020-21 in audit cases to March, 31, 2021.
Due to the corona pandemic normalcy in operations is yet to set in. Even many professionals as well as their staff have suffered infection from COVID-19. Therefore, there is need for extension of dates for furnishing tax audit reports and ITRs, DTPA president N K Goyal said in their recent submission to the government.
Out of 5.25 crore assessees some 3.75 crore, including individuals have already filed returns. The remaining are mostly firms and corporates where tax audit is required and there is a demand for extension, DTPA chairman (PR and representation committee) Narayan Jain said.
The individual ITR deadline is December 31, he said.
The professionals body also sought for extension of date for filing declaration under Vivad se Vishwas (VSV) scheme from December 31, 2020 to February 28, 2021.
