Income Tax Audit Filing Deadline: Taxpayers whose accounts need to be audited —such as companies, proprietorships, and working partners in firms—have only two days until October 31, 2025, to file their income tax returns (ITR) for the financial year 2024-25 (assessment year 2025-26). In a major relief for tax professionals, the Central Board of Direct Taxes (CBDT) on September 25 had extended the deadline to submit tax audit reports (TARs) from September 30 till October 31, 2025.

P enaltie s i f S omeone M isses T ax A udit F iling D eadline?

Gaurav Jain, Partner, Direct Tax, Forvis Mazars India told News18 that if a taxpayer fails to file the tax audit report within the prescribed due date under Section 44AB of the Income Tax Act, 1961 th

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