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48m ago

Tax Audit Deadline Nears With No Extension as Practitioner Groups Move Courts

Missing the upcoming due dates triggers statutory penalties, raising the cost of delay.

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Overview

  • The income tax audit report for FY 2024–25 is due on September 30, 2025, and authorities have announced no extension so far.
  • For audited taxpayers, the ITR due date is October 31, 2025, while Section 92E cases must file the audit report by October 31 and the ITR by November 30.
  • The l InIndia Federation of Tax Practitioners has petitioned the Delhi High Court seeking deadline extensions after submitting a memorandum to the CBDT.
  • The Bhilwara Tax Bar Association has moved the Rajasthan High Court citing persistent portal glitches, delayed ITR utilities, natural-disaster disruptions and festival schedules.
  • Consequences of delay include interest of 1% per month on unpaid tax, late-filing fees of Rs 1,000 or Rs 5,000 depending on income, and a Section 271B penalty up to Rs 1,50,000 for not filing the audit report on time, with belated ITRs allowed until December 31, 2025.