Thank you @RajasthanTax , @MPTCA_1994_Regd , @jain_sarthak_ , @gera_kailash and every member who took this to the departments and courts.
All of this is because of your efforts. We just backed you online. The credit belongs to you. 🙏
The October 21st extension is here. Let your articles and staff breathe this weekend - THEY EARNED IT!!!
As we pivot back to closing these files properly, remember one thing: this week showed us exactly who is willing to fight for the integrity of our profession, and who is comfortable watching from the sidelines.
When the next elections come around, remember who held the line. Accountability goes both ways.
Back to work.
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.
Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026
Press Release Issued.
First of all no extension require if work flow is fixed and sorted for year on year. July and September due date is perfect in time frame and allow proper 2 month gap between 2 major due date, who applied mind in dividing different due date July & Aug
#Extend_Due_Date_Immediately
Today in era of AI
Authorities are unable to take decision to
extend due date following representations of CA & Tax Professional
Not extend due date by providing valid & acceptable reasoning
It is simple why making it complicated
#Extendduedate
Tax Audit Extension | A Wake-Up Call for ICAI
The Rajasthan High Court proceedings have brought an important question into focus:
when thousands of CA members are seeking relief on the Tax Audit deadline, who should formally represent their concerns before the authorities?
The Court reportedly asked whether ICAI had made any representation, and the response was that ICAI had not.
This raises a serious concern among members:
Shouldn’t the apex professional body stand at the forefront when its members are facing a major compliance deadline?
#TaxAudit #ExtendTaxAuditDate #ICAI #CharteredAccountants #TaxProfessionals #RajasthanHighCourt #CBDT #CACommunity
“Just finish the tax audit.”
Sure.
After the client sends the final bank statement.
After GST reconciliation.
After TDS reconciliation.
After AIS is checked.
After 26AS is checked.
After the stock figures are confirmed.
After the client remembers three more expenses.
And then Form 3CD.
Tax audit is not a 2-hour job that happens because the deadline is tomorrow.
A reasonable extension would be appreciated.
#Extend_Due_Date_Immediately
@smohanfca@ca_shridhar What exactly is ICAI’s objective as a professional body? Does standing up for genuine concerns and working conditions of its members not fall within that responsibility? #Extend_Due_Date_Immediately