@R_N_Vaghani Ruchi, of course its sufficient time. One month additional was given and you knew that the date is coming. How can you say it's not sufficient? You should have started spending long nights for TAR filing a month ago. CAs are good at budgeting expenses but poor at budgeting time.
@CAAditiBhardwaj This is incorrect. The provisions state that if there is loss, there is no need for audit. If profit is less than 8% or 6% only then audit is mandatory
3 New writs filed now for extension of Tax Audit Report due date.
✅ All India Federation of Tax Practitioners vs Union of India & Others - Delhi High Court
✅ Sumit Garg @CASumitGarg3 vs CBDT & Others - Delhi High Court
✅ Income Tax Practitioners Association Amritsar vs Union of India & Others - Punjab and Haryana High Court
Extension will definitely come.
More than 10 writs have been filed now to my knowledge and 1 more too will be filed tomorrow confirmed.
#TaxAuditExtension
#Extend_due_date_now
#extend_due_dates_immediately
@paakarkai@Deb_livnletliv@nsitharaman@narendramodi My work is completed but i will still say, if the due date is specified, the systems and infrastructure should be working perfectly until the last second. Department and you both, cant cry why you waited for last minute.
@talk2anuradha Anu, equation is very clear. If one taxpayer whos income is 2 crore is not compelled to pay tax, then that person is going to feed tens of people through govt subsidies. So obviously that issue is more important.