Yes. There should be no deadline for tax audits. A date should be defined, say 30 September and if return is filed after that date, interest @ 24% per annum on daily basis may be charged till 31 Dec. If the return is not filed even till 31 Dec, then penalty may be levied. This will help we professionals to live a better life as work can be spread.
Tax audit extension
Page no : 6
kcagarwal
(chartered accountant)
(103 Points)
Replied 27 October 2017
IT IS VERY NECESSARY TO EXTEND THE DATE OF TAX AUDIT, KINDLY LET US KNOW , WHETHER WE SHOULD COMPLY THE COMPLIANCE OF THE REQUIREMENT OF G S T OR TAX AUDIT.
Ajay
(Partner)
(22 Points)
Replied 27 October 2017
Definitely extended and proper tax calendar and timelines should be worked out so that dates dont clash, else we will be turned into an army of data processors.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 October 2017
Yes....
We want extending Date for the Tax Audit...
Also we Are tired with GST......!!!
vandana agarwal
(CHARTERED ACCOUNTANT)
(116 Points)
Replied 27 October 2017
yes due to gst returns dead lines date should be extended.
Shilpa Nimkar
(Senior Manager - Accounts)
(22 Points)
Replied 27 October 2017
Should be extended. GST is taking time to settle in.
Pramod sarda
(proprietor)
(22 Points)
Replied 27 October 2017
BUSY IN GST WORK IN WHOLE OCTOBER. WE ARE CONTINUE LEARNING THE NEW PROCESSES IN GST AND ALSO IN TAX AUDIT NEW IDCS RULES.
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