26/09/2025
ITR Audit Date Extension Notice π’
Attention taxpayers! The Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax audit reports for the Assessment Year 2025-26 to *October 31, 2025*, following directions from the Rajasthan and Karnataka High Courts ΒΉ Β².
Key Points
- *New Deadline*: October 31, 2025, for filing tax audit reports under Section 44AB.
- *Reason*: Extensions granted due to representations from professional bodies like ICAI and BCAS citing portal glitches, delayed form releases, and compliance challenges.
- *Impact*: Affects businesses and professionals with turnover exceeding prescribed limits (βΉ1 crore for businesses, βΉ50 lakh for professionals).
Why Extension Was Sought
- *Portal Issues*: Technical glitches and slow performance on the Income Tax e-filing portal.
- *Delayed Forms*: Late release of ITR forms like ITR-5, ITR-6, and audit forms.
- *Compliance Burden*: Overlapping deadlines with GST and other filings.
Stay Updated & Compliant! π