Due Date For Tax Audit Extended To October Due To Gst Implementation?


Anonymous
watch_later 3 years, 6 months ago

Is it true that due date for Income Tax Audit is extended to 31 October due to GST implementation?

If this is true then government should be applauded for taking at least one decision at right time.

  • chatComments
1 Answer

GST Payer watch_later 3 years, 6 months ago
arrow_drop_up
0
arrow_drop_down

Yes, you are right.

Due-date for filing Income Tax Returns & various reports of audit prescribed under the IT Act,1961 has been extended to October 31, 2017.

This is a really well planned and timely announcement by ministry of finance. Every CA is busy in GST implementation and it is good that government came with announcement very well in advance.

GST implementation and post implementation confusion has kept all Chartered Accountants busy and now they can concentrate on various returns to be filed and take care of tax audits in October.

  • chatComments
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Related Questions

Income tax query for large cash balance

Gift money
Income tax query
High profit declare 65% sec 44ada filer.
Lic policy amount sec 194da taxable or exempted
Latefees and penalty and interest allowed business expenses
Cash deposit transaction limit for sb and current bank account
Cash deposit transaction limit for sb and current bank account
Income tax query for sec 44ada filer
Cash deposit transaction -sft -004 for non I.t. filer

Top Members
Related Articles

Whether 'tips' received fall within the meaning of "Salaries" to attract TDS under section 192

Mandatory requirement of furnishing PAN in all TDS statements, bills, vouchers and correspondence between deductor and deductee [Section 206AA] | AY 2019-20 onwards
Furnishing of statements in respect of payment of interest to residents without deduction of tax [Section 206A] | AY 2019-20 onwards
Person responsible for paying taxes deducted at source [Section 204] | AY 2019-20 onwards
Common number for TDS and TCS [Section 203A] | AY 2019-20 onwards
What if TDS is not deducted or paid [Section 201] | AY 2019-20 onwards
Duties of Person deducting income tax [Section 200] | AY 2019-20 onwards
Credit for tax deducted at source [Section 199] | AY 2019-20 onwards
NO TAX DEDUCTION IN CERTAIN CASES [SECTION 197A] | AY 2019-20 onwards
Certificate For Deduction OF Tax At a Lower Rate [Section 197] | AY 2019-20 onwards

Never File Wrong GSTR-1

Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.

CHECK MULTIPLE GSTIN
Used by
Verify GST Number
GST number Search by name
Ask Question