Clamour grows for extended deadline for tax audit, income-tax returns

The deadlines for tax audit and income tax return filing stand at October 31 and November 30, respectively

Citing operational and practical difficulties faced by firms and tax professionals because of the Covid-19 pandemic, tax practitioner bodies have demanded extension in the timeline for tax audit, transfer pricing audit, and income-tax return filing to sometime early next year.

With the last date of holding the annual general meeting for corporates extended by three months to December 31 by the Ministry of Company Affairs, the return filing process will automatically get delayed, several chartered accountants associations have flagged in their letters to Finance Minister Nirmala Sitharaman ahead of the return filing deadline.

The deadlines for tax audit and income tax return