The representation was made last Thursday to the chairman of CBDT. “This is because of outbreak of the pandemic and consequently taxpayers are finding difficulties in completing data for completing accounts, confirmations, reconciliation and prepare inputs for compiling tax audit report," said the statement. ICAI also pointed out non-availability of certain forms and difficulties in filing certain others. “Therefore, the ICAI has requested that the penalty and other consequences should be waived off for filing tax audit reports and other reports/certificates for assessment year 2021-22 till 31 March, 2022," the statement said. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint January 10, 2022 04:53 UTC