Tax Audit Date Extended to 30th November 2013

After a continuous efforts of ICAI and its members, the last date for filing the Tax Audit Report under section 44AB has been extended from 30th September, 2014 to 30th November, 2014. The above extention was extremely necessary taking in regards to the new Audit report format and also the delay in launching of its Schema by Income Tax Department.

Also, Income Tax Department has relaxed those assessees who have already got there accounts audited on or before 24th July, 2014 from re-filing the Tax Audit Report.

Please find the notification here below:

F.No.133/24/2014-TPL

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF DIRECT TAXES)

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Room No. 147 B-II, North Block

New Delhi, the 20th August, 2014

Order Under Section 119 of the Income-tax Act, 1961

1. In exercise of power conferred by section 119 of the Income-tax Act (‘the Act’), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014.

2. It is further clarified that the tax audit report under section 44AB of the Act filed during the period from 1st April, 2014 to 24th July, 2014 in the pre-revised Forms shall be treated as valid tax audit report furnished under section 44AB of the Act.

(J.Saravanan)
Under Secretary (TPL-III)