CBDT extended due date for furnishing Tax Audit
report u/s 44AB of the Income Tax Act, 1961 for AY 2014-15 from
30.09.2014 to 30.11.2014 in case of assessees who are not required to furnish
report under section 92E of the Act. Mysteriously the order is silent
about the extension of due date for filing returns. As we are all aware
audit report needs to be furnished first before filing income tax returns for
audit assesses. However the CBDT order remains unclear on this subject.
Schema will be available at the website of Income
Tax Department within a couple of days with the facility to import already
filled data in the previous utility.
BOARD OF DIRECT TAXES)
147 B-II, North Block
Delhi, the 20th August, 2014
Under Section 119 of the Income-tax Act, 1961
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.