CBDT nudges 12,000 tax professionals to file audit reports
In short
The Income Tax Department has contacted about 12,000 tax professionals and asked them to file audit reports by October 21. It said these professionals had filed fewer than half the audit reports they filed last year.
This matters because late or missing audit reports can create compliance problems for tax filers and their advisers. The reporting does not say what penalties, if any, will follow.
What the reporting says
The Income Tax Department contacted about 12,000 tax professionals under its SAKSHAM NUDGE initiative to file audit reports by October 21, according to a publisher-supplied summary. The department said the targeted professionals had filed fewer than half the audit reports they submitted in the previous year. The reporting does not say whether penalties are planned or how many returns remain outstanding.
Why it matters
Under its SAKSHAM NUDGE initiative, the Income Tax Department contacted about 12,000 tax professionals and asked them to file audit reports by October 21, based on a publisher-supplied summary. The department said these professionals had filed fewer than half the audit reports they submitted in the previous year. The reporting does not state enforcement steps, reasons for the shortfall or the current filing gap.