Tax Audit Due Date 2025: As the ITR season 2025 is going on, with the due date for audit report being September 30, taxpayers are required to get their books of accounts audited by this date to file their income tax return (ITR) for FY 2024-25. For businesses and professionals, understanding the tax audit due date is critical to avoid penalties and ensure timely filing.
Who Needs To Get Their Accounts Audited?
Under Section 44AB of the Income Tax Act, certain categories of taxpayers are required to get their accounts audited by a chartered accountant and submit the audit report along with their income tax return. These include:
Businesses with annual turnover exceeding Rs 1 crore (Rs 10 crore for businesses under the presumptive taxation scheme with 6%-8% presumptive income). Also, for