Covid-19 Pune: Chartered Accountants demand extension for Audit and ITR filings
Pune: The Institute of Chartered Accountants of India has demanded that the deadlines for payment audit and filing Income Tax Returns should be extended by the government. “Chartered Accountants are under tremendous pressure even during a pandemic like Covid-19. Chartered Accountants have the right to work in a safe environment. Hence the deadline for payment of audit and income tax returns filings should be extended till March 31, 2021,” said Abhishek Dhamane, Chairman of Pune Branch of ICAI.
“Generally for CA’s the peak audit season is between April to September. However, this year is exceptional and the lockdown was extended until the end of July 2020. Now although things are returning to normalcy, CAs have also resumed their offices. But many of the staff members who are out stationed, have not returned to their respective workplaces. Many clients are not ready for online or virtual audits. Most of the Income Tax Forms were released in the month of September and October 2020. As per the Income Tax website, only 32 per cent of returns have been filed as compared to last year as of 30 September 2020. Also, due dates for holding Company Annual General Meeting dates have been extended to Dec 31, 2020,” he added.
Dhamane demanded that considering the above facts and statistics it is pertinent to extend the Income Audit due Dates and Income Tax Return. I feel painful looking at how many elderly CAs are risking their lives by going to offices assuming Audit dates will not be extended. It will not be in the interest of humanity to hold such an extension until the last day. In such times more importance must be given to lives than compliance.