Is Facebook Biased Against Indians?

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DeadlyVBAProgrammer

Deadly VBA Programmer

The Deadly VBA Programmer is a sobriquet that I gave myself some 10 years ago, on my advent into the world of Visual Basic For Applications Programming, precisely in 2006, and was solemnized with the creation of an email address "deadlyvba.programmer@gmail.com" and another one called "vba.programmer.2006@gmail.com" - since they were created almost simultaneously, they are remembered together too.

Years later, I first created a Facebook Group by the name "DeadlyVBAProgrammer" and recently renamed one of my Facebook Pages to "Deadly-VBA.Programmer" too !! Then I went and created a post at my website called "DeadlyVBAProgrammer" too!!

CA Vikram S. Mathur (SEO)
vikrammathurseo@gmail.com
+91-9998090111

06-Nov-2016 | 10:19 Hours IST | How 'Taxing' will the GST be?

Friday, September 5th, 2014 ,TOI, Ahmedabad, Page 15

The article is, hopefully, self-explanatory. Still, I would encourage readers to post their queries, if any on this forum, and I will definitely like to reply to all of them. Cheers !!

This Farce called Postponement of Tax Audit Report from 30-Sep-2014 to 30-Nov-2014

The credit for this #Infographic goes to KDK Software but despite so many requests and protests, there seems to be no end to this controversy which strongly reminds me of the controversy of whether the hen's egg came first or the hen's chick first came into this world.

Let me attempt to explain in laymen's terms, without going too deep into the technical language that we CA's generally tend to adopt. The Central Board of Direct Taxes (CBDT) released a circular stating that because of the 'complications' of the filling up of the newly introduced electronic Form 3CA / 3CB / 3CD, which essentially deal with the Tax Audit Report that is now required to be filled up and submitted electronically vide a software which has been introduced by them (I would like to say 'Thrust upon', but it would be too impolite to say that) to be used by Chartered Accountants prior to filing the income-tax returns of businessmen etc. who come under the scope envisaged by the Section 44AB / 44AD of the Income Tax Act, India.

The CBDT is, of course, empowered under the Income-Tax Act, to release any circular that deals with easing the duty cast upon the citizens of India for compliance with the various requirements of the Income-Tax Act and the Income Tax Rules framed in conjunction with it. So out came the circular purportedly to ease the burden on the Chartered Accountants duty of filling up properly and submitting electronically the Tax Audit report under the aforesaid provisions.

However, the controversy that arose was there was no mention of whether the date for filing the income-tax return had been extended or not to 30-Nov-2014, because that does not come under the scope of the powers given to the CBDT. However, the Income Tax Return cannot be filed without the Tax Audit Report Date being mentioned within it's framework as envisaged by the submission procedure wherein the said ITR has to be digitally signed by the assessee. So the situation as it stands today, upto the writing of this article is that you have to file the Income-Tax Return on 30-Spe-2014, with the report being dated 30-Nov-2014, and thereafter, submit the Tax Audit Report on 30-Nov-2014. What a farce that is going to be!!

Why the new date of 31-08-2012

Just when we chartered accountants were getting ready to wind up the current season of Income Tax Returns for the year ended 31/03/2012 for the clients who were not subject to Tax Audit (meaning those whose turnover / professional fees did not exceed the limits specified), and thanks largely to the power outages (of course, I do sympathise with the plight of the people who were stranded without power for days on end !! As well, a word of deepest sympathy for whom this was the cause of their death too !!)

In any case, the last date for all the aforesaid cases was 31/07/2012, which was then delayed to 31/08/2012 for the reason that many people who could not complete their accounting entries because there being no power available (in this day and age, it is very normal for most people to use computers and accounting softwares like Tally for accounting purposes). Even if the books of account were to be written by hand, it would require electricity, at least after the sun goes down.

So good for some people and bad for those who like to tie up loose ends before completing the season, who now have to compulsorily wait for that date, for there are always some clients who are, for some reason or the other, unable to complete their accounting work almost uptil the last date!!

So now you are updated about the reason why that date had to shift!!

Sayonara for now. Hope to come back to you with some more news soon !!