CBDT vide its order dated
20.08.2014 has extended the due date for
obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 but date
of filing Income Tax Returns is the same i.e. 30th sep, 2014. It is very strange that in absence of
finalization of tax audit report, how anybody can file Income Tax Return before
30/09/2014, as calculating disallowances under different sections and
particularly TDS defaults.
Such an order for
extension of Furnishing of Tax Audit Report is no relief but only the way out of
Government delays in providing utility for New Tax Audit report. If Government delays
in providing Utility for Uploading TAR then extension is declared but if any
assessee due to genuine reason fails to furnish any info in time then laws are
made very strict and assessee is subject to penalities.
CBDT had extended the date
for OBTAINING & FURNISHING which means that date has been extended only for
uploading the tax audit report by November 30th 2014.
But every assessee and
Chartered Accountant is facing problem in TDS rectification for which CBDT
should bring TDS Settlement or
Correction Scheme to avoid litigation and before the last date of filing Income
Tax return for Assessment Year 14-15.
TDS CPC is not helping
in any manner and even a small clerical mistake by an accountant of Small
organization is fatal for such organization and there is no remedy provided by
TDS CPC or Jurisdictional TDS Officer.
Even TDS Facilitation
Centres are instead facilitating only helping in uploading and working so
negligently that huge demands are appearing on account of TDS Defaults.
Income Tax department
should bring some scheme for rectification of errors in TDS Statements before
bring into so strict and stringent law. Excise
and Service Tax Department declared Service Tax VCES scheme, MCA declared CLSS-14
after 3 earlier schemes. Now the need of the day is Income Tax Department /
CBDT should declare some scheme for rectification of errors in TDS Statements.
Pooja Aggarwal
