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CBDT Order u/s 119 Extending Due Date For Filing TAR For AY 2014-15

Order Under Section 119 of the Income-tax Act, 1961 dated 20.08.2014

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.


2 comments on “CBDT Order u/s 119 Extending Due Date For Filing TAR For AY 2014-15
  1. Anil Agarwala says:

    Very true sir…let us see when good sense will prevail upon the babus..

  2. CA Goutam Baid says:

    As per notification only the date for obtaining and furnishing the audit report is extended and not the due date of income tax return.

    It is strange to note that u/s 44AB reference is made to the due date of return as per section 139(1).

    By notification they extended the due date of obtaining and furnishing of the audit report with specific reference to date whereas no specific due date was referred in the section 44AB. In such circumstances what is means by extension of due date of obtaining and furnishing of tax audit report.

    It is just a joke with the professionals by the tax administrators.

    Section 44AB.

    Every person,—

    (a) ….
    (b) …..
    (c) ……
    (d) ……

    get his accounts of such previous year audited by an accountant before the specified date and furnish by that date the report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed


    Explanation.—For the purposes of this section,—

    (i) ….
    (ii) “specified date”, in relation to the accounts of the assessee of the previous year relevant to an assessment year, means the due date for furnishing the return of income under sub-section (1) of section 139.

    CA Goutam Baid,
    Jodhpur

1 Pings/Trackbacks for "CBDT Order u/s 119 Extending Due Date For Filing TAR For AY 2014-15"
  1. […] format of FORM No.3 CD of the particulars to be furnished by the Auditor. The CBDT also issued an order dated 20.08.2014 u/s 119 of the Act to extend the time to file the audit report u/s 44 AB of the Act in the new FORM 3 CD from […]

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