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News INCOME TAX

  • Jan 10, 2022
  • ICAI seeks waiver of penalty till March 31 for filing tax audit reports

    Chartered accountants’ apex body ICAI has sought time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and “consistent technical glitches” being faced in using the new I-T portal.

    In this regard, the Institute of Chartered Accountants of India (ICAI) has submitted a representation to Central Board of Direct Taxes (CBDT) Chairman J B Mohapatra.
    ICAI has requested that penalty and other consequences should be waived for filing tax audit reports and other reports/certificates for AY (Assessment Year) 2021-22 till March 31, 2022.