The Central Board of Direct Taxes (CBDT) has announced an extension for the filing of Income Tax audit reports pertaining to the fiscal year 2024-25 (Assessment Year 2025-26).
The deadline for submission, previously set for September 30, 2025, has been moved to October 31, 2025. This decision by the CBDT was made in response to representations from various professional associations, including Chartered Accountant bodies.
These associations highlighted difficulties encountered by taxpayers and practitioners in the timely completion of audit reports, citing reasons such as disruptions caused by floods and natural calamities across different regions. Prior to this extension, approximately 402,000 Tax Audit Reports (TARs) had been uploaded by September 24, with over 7.57 crore Income Tax Returns (ITRs) filed by the preceding Tuesday.
Source: indianexpress.com