@abhishekrajaram But you could push the committee to do so.
Otherwise, what's point of being RCM.
Just make a request from NIRC itself. That you can do na.....
& Btw request is a request. There is no law in India that requires legal approval even for making a simple request๐
@caanuragwriter@theicai But how can ICAI punish someone merely because he is charging lower fees ? Though this seems wrong as a profession, but constitutionally, one cannot force member to charge higher price or impose penal consequences for lower fees.
@CAHimankSingla Wrong. Trust are incorporated under Bombay Public Trust act are covered under statutory audit under that act so even if not registered u/s 12A, due date will be 31.10.2026 being "Audit under any other act"
@CAHimankSingla@IncomeTaxIndia All crux of the understanding lies in definition of specified date given in Section 44AB, which is one month before the due date of ITR.
@CAHimankSingla@IncomeTaxIndia Tax Audit and TP audit for the assessee covered in TP falls in clause (aa) of Explanation - 2 which has not been extended in Press Release.