ICAI has constituted a committee to look into amendments if
any to be made in rules related to three consecutive term restriction
on the continuance as member of the Regional Council vis-à-vis correspondingapplicable rules pertaining to Central Council elections. The Committee will submit its
report to the President within 15 days.
The
interesting fact here seems to be that 11 members among the 32 members
shall not be eligible to contest next elections so they decided to form a committee for their survival. In My opinion they should give chance to new members to serve ICAI.
The Press Release related to the same is as follows :-
ICAI has requested CBDT to extend the due date of e‐filing of income‐tax returns, tax audit reportsand report under section 92E of the Income‐tax Act, 1961
The
efforts of the members in supporting the e‐initiative the Department
requiring e‐filing of almost all audit reports under the Income‐tax Act,
1961 is appreciable. ICAI is aware of the numerous issues being faced
by the members with regard to registration, frequent changes in
utilities, uploading of balance sheet and profit and loss and so on. The
Direct Taxes Committee of ICAI is taking up these issues with
appropriate authorities from time to time. It has issued “Frequently
Asked Questions” prepared in consultation with the officials of Directorate of Income tax (Systems)
for the guidance of members. Inspite of these efforts, difficulties are
being faced by the members in e‐filing the tax audit reports mainly due
to continuous change in the utilities hosted on the CBDT website.
Further, the difficulties being faced by the members and the assessees
in Andhra Pradesh, Uttarakhand, Gujarat, Muzaffarnagar and other
affected areas of Uttar Pradesh are also known to ICAI.
Considering the above factors, a request was extended to Chairperson, CBDT for extension of due date of filing income tax returns along with tax audit reports by one month from end of 30thSeptember,
2013. ICAI has also sought extension of due date of furnishing the
report under section 92E by one month from the end of 30th November, 2013 for AY 2013‐14.
Even though matter is being pursued on regular basis, it is desirable that the members complete their audits on or before 30th September, 2013 so that the assessees are able to file their income tax returns on time.
Source- ICAI
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