Tuesday, September 25, 2012

Re: : [aaykarbhavan] Re: [lucknow-ca]- 6 Reasons why Income Tax Return Filing Due Date must be extended



No. No news. I have sent one e mail to CBDT just now.
C A Shah D J
USA



From: bhuvana marimuthu <bhuvanamallika@yahoo.co.in>
To: aaykarbhavan@yahoogroups.com
Sent: Tuesday, 25 September 2012 1:38 PM
Subject: Re:: [aaykarbhavan] Re: [lucknow-ca]- 6 Reasons why Income Tax Return Filing Due Date must be extended

 


hi

any news about due date extension.

thanks

bhuvana

------------------------------
On Tue 25 Sep, 2012 12:20 PM IST CA. Gautam RM Sabharwal wrote:

>I fully agree with your views, the ITR 5 is still bothering us, there should be an extension of the last date. 
>
>Members at large should see the things from this angle, if you genuinely agree please do forward mails to the respective authorities. 
>
>Thanks in anticipation! 
>Regards!
>G SABHARWAL & COMPANY
>+  Chartered Accountants
>+ CFC for Service Tax & Excise143/2 Chander Nagar, Alambagh, Lucknow - 226005, INDIA
>2464606, 4010040, 9415108029, 9621988777
>ca.sabharwal@ymail.com, audits@aol.in
>http:\\gsabharwalcompany.icai.org.in
>My thoughts make me what I am!
>
>
>
>>________________________________
>> From: Mukesh Saran <saranfca@gmail.com>
>>To: lucknow-ca <lucknow-ca@yahoogroups.com>; ghaziabad_ca <ghaziabad_ca@yahoogroups.com>
>>Sent: Monday, 24 September 2012 8:23 PM
>>Subject: [lucknow-ca]- 6 Reasons why Income Tax Return Filing Due Date must be extended
>>
>>
>> 
>>6 Reasons why Income Tax Return Filing Due Date must be extended
>>Due Date for Filing Income tax Return for corporate assessees and those who come under compulsory audit under income tax Act or under any other Act is 30th September 2012. Question which comes to every CA professionals mind is whether due for filing income tax return for this year will get extended or not?  Now the question is why the government should extend the date? We have found 5 Such reasons why we fell government should extend the due for filing of Income tax Return.
>>1. First Time implementation of Revised schedule VI – People may argue that what difference it will  make if format is changed , but the fact is that implementation of revised schedule has taken lot of additional effort and time of professionals.
>>2. Late Release of ITR :- This Year ITR  been released as late as on 06.08.2012 while ITR 5 been released on 10.07.2012 & ITR 4 t0o was released  in last week of June 2012.
>>3. Disturbance of general life caused due to failure of power in most Part of the Country -  There was a complete power failure in India in last week of July which has effected About 22 states and Union Territories.
>>4.Mandatory e-Filing with Digital Signature for Individual & HUF  to whom Audit provision u/s 44AB is applicable – CBDT has vide Notification No.14/2012 [F.No.142/31/2011-TPL]/S.O. 626(E), DATED 28-3-2012 made filing of Return with digital signature Mandatory for Individuals & HUF who are required to get there account audited from Assessment Year 2012-13 onwards.
>>5. Festivals :- Most of the establishments are virtually closed on account of ongoing Ganpati festivals in Maharashtra and other parts of India.
>>6. Bugs in ITR excel files: - ITR 5 is still not error free. Unabsorbed Depreciationof prevoius years not set off with current year profit in sheet CYLA_BFLA and Tax has been calculated and interest u/s 234B is not correct. Worst is no reply from efiling.administartor@incometaxindia.gov.in.
>>
>>--
>>
>>CA. Mukesh Saran
>>M.Com.,FCA, DISA(ICAI)
>>Lucknow
>>09415465330
>>saranfca@gmail.com
>>http://msaranassociates.icai.org.in/
>>http://sites.google.com/site/saranfca/home
>>
>>
>>
>>




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