Deadline for Corporate Income Tax

Must be extended to Nov 30th at the earliest. there is a date for GST audit currently set to Oct 31, 2018.

Income tax audit date cannot be Sep 30th. It has to be after the GST audit date so atleast OCt 31 or better Nov 30th.

Experts from the circle and localcircles please escalate this to Mr. Jaitley at the earliest. more  

View all 7 comments Below 7 comments
Will certainly be helpful to ky husbands msme enterprise more  
Agreed. Small businesses have been hit hard by GST, so the government must ease the burden as much as possible. more  
If you account transactions as and when they take place, all audits are simple and simultaneous .... If you prefer to "cook your books" at the end of the year and decide what revenue and profit you would like to "show" based on your taxes, none of your audits will ever be complete. Further, you will never be internally consistent between your GST and IT Returns and will be unable to hide any more ... Extension of time for cooking of books ? Why please ? more  
I'm least bothered about corruption in Govt - it neither justifies nor forms the basis of my own honesty and legality.
There are ways to be honest, ethical and compliant and still make money - its more a matter of choice than circumstance.
I'm in Finance - the alleged hotbed of corruption, but I can guide any business to be profitable as well as ethical and compliant. more  
Those who cook up books always very prompt in filing returns as they have lot of illicit money thanks to Indian democracy, secularism and rule by idiots called Advocates. Only honest people cannot afford good accounatns, systems and charterd accountants. besides our haffttakhor Haram Govt headed by a crook called Jaitlet do not supply TDS credit for three months. Added to this no confirmations are received from other parties. All these factors compounded by non functioning of websites and non introduction of templates in time are responsible for all, delays. Just ask devil Jaitley to have even a single honest officer in Income Tax or Gst. Just name a single person. So do not be such an idealistic person every one knpows how honest this government and babus are. more  
Sir this is a must, given what small business are going through. In case of my son, he struggled with getting all director verifications done, foreign exchange is terrible, he imports items from us and europe for sales in India. an extension will help him. more  
Advocate are the worst cityzen of India and we have advocates as finance ministers and they have ruined India. Law should be amended to bar any advocate from becoming minister. They are national nuisance and should be asked to go to courts only. This goon Called Jaitley acts as if all Indians are his srvants like Dr Manmohan Singh. His arroganve and lust for poewer has ruined Indian business. He should be taught a tough lesson and appropriate petition should be filed against Jaitley, Chidambarm and Manmohan Singh, all three villains of Indian Economy. more  
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