In view of the Corona pandemic, Nag-Vidarbha Chamber of Commerce Limited (NCCL) has urged the Union Finance Minister and chairman of Central Board of Direct Taxes (CBDT) to extend the date of filing I-T returns and tax audit upto March 31 next year. President of NCCL Vishnu Kumar Pacheriwala and former president Kailash Jogani wrote letter to minister that due to pandemic and lockdown the traders have suffered massive economic and financial jolt.
Though gradually the situation is returning to normal the traders are facing extreme difficulties in maintaining account books of their trade and business activities. This is because professional work of chartered accountants is yet to get back on track. Due to this, the date of tax audit and also of filing I-T returns was extended by one month to October 31 earlier on. The revised form of I-T returns and tax audit has been released in October. Under such conditions, the traders may face difficulties in filing online returns. Therefore, in the interest of the traders, the date of tax audit and filing I-T returns should be extended up to March 31.