Income Tax Audit Last Date: Last date to file Income Tax audit report extended till October 31

The deadline to file the income tax audit report has been extended from September 30 this year to October 31.

Income TaxThe Revenue Department extended the deadline considering the difficulties faced by taxpayers and practitioners.

Income Tax Audit Last Date: The Central Board of Direct Taxes (CBDT) has extended the last date file the Income Tax audit report for the fiscal year 2024-25 from September 30 this year to October 31.

The CBDT’s decision follows representations from various professional associations, including Chartered Accountant bodies, highlighting certain difficulties being faced by taxpayers and practitioners in timely completion of audit report. The reasons cited in the representations included disruptions caused by floods and natural calamities in different parts of the country, the Ministry of Finance said in a press release.

The Revenue Department also mentioned that by September 24, 4,02,000 Tax Audit Reports (TARs) were uploaded with over 60,000 TARs submitted on Wednesday. Apart from that, more than 7.57 crore ITRs were filed till Tuesday.

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