Initiatives being taken by the Direct Taxes Committee of ICAI for extension of due date of filing Income-tax returns for the AY 2015-16.
As you are aware, the Direct Taxes Committee of ICAI has already made a representation for extension of due date for filing return of income and is very vigourously pursuing the same. The Direct Taxes Committee of ICAI with the help of the President, ICAI , the Vice-President, ICAI and other Council Members is putting in best efforts and leaving no stone unturned in following up with the authorities that the due dates of returns of income should be extended reasonably to enable compliance by the assessees. However, the ICAI has no alternative but to make representations, pursue in the best possible manner and depend upon the Government to take a pro-active decisions.
Though, the Direct Taxes Committee and the ICAI President are still pursuing with the authorities and the Ministry. Concerned members may bring this to the notice of their respective clients.