In a major relief for taxpayers and chartered accountants, the Income Tax Department has extended the due date for filing tax audit reports for the financial year (FY) 2024–25.
The extension comes in response to representations from tax professionals citing challenges in completing audits on time due to workload and system issues.
🔹 New Due Date Announced
The Central Board of Direct Taxes (CBDT) has officially extended the tax audit report (Form 3CA/3CB-3CD) submission deadline to November 30, 2025, from the earlier due date of October 31, 2025.
This extension applies to all taxpayers whose accounts are required to be audited under the Income Tax Act, including companies, firms, and certain individuals engaged in business or profession.
🔹 Who Needs a Tax Audit?
A tax audit is mandatory under Section 44AB of the Income Tax Act for:
Businesses with turnover exceeding ₹1 crore (₹10 crore if cash receipts/payments ≤5%).
Professionals with gross receipts over ₹50 lakh.
Entities covered under presumptive taxation schemes opting out of the standard provisions.
The audit ensures accuracy of financial records and compliance with tax laws before return filing.
🔹 Impact on Return Filing
With the tax audit report due date now moved to November 30, 2025, the Income Tax Return (ITR) filing deadline for audit cases is also expected to align with the extension.
Taxpayers and CAs now have an additional month to verify, finalize, and upload reports without penalty.
🔹 Why the Extension Matters
The extension provides much-needed breathing space for accountants and small businesses managing multiple statutory deadlines during the festive and closing months.
The additional time helps ensure:
Accurate data reconciliation with GST and TDS records.
Reduced filing errors and mismatches.
Compliance confidence for audit-based taxpayers.
🔹 Advisory for Taxpayers
Tax experts advise using this extension period to:
Cross-check financial statements and audit reports.
Ensure all TDS credits and deductions are properly reflected.
Avoid last-minute portal issues by filing well before the revised deadline.
FAQs
1. What is the new due date for tax audit report filing?
The new due date for filing tax audit reports for FY 2024–25 is November 30, 2025.
2. Does the extension apply to all taxpayers?
It applies only to taxpayers who are required to get their accounts audited under the Income Tax Act.
3. Will the ITR filing deadline also be extended?
Typically, the ITR deadline for audit cases is extended in line with the audit report due date. An official notification may follow.
4. What happens if I miss the audit deadline?
Failure to file the audit report by the due date can attract a penalty under Section 271B, up to 0.5% of turnover or ₹1.5 lakh, whichever is lower.
5. Can the extension change again?
While possible, further extensions are unlikely unless major technical or procedural challenges arise.
Published on : 30th October
Published by : SMITA
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