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Tax Audit Deadline Extended to October 31, but Compliance Rush Looms

Rohan 189 Views 1 min read

Tax Audit Due Date: Government extends deadline for filing ITR, audit report till October 31

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing tax audit reports (TAR) for FY 2024-25 to October 31, 2025, giving taxpayers and professionals some breathing space.

Earlier set for September 30, the extension comes after multiple petitions citing heavy monsoon disruptions, technical issues, and compressed timelines. Despite this relief, professionals caution that October will remain highly challenging due to overlapping deadlines and reduced working days during the festive season.

While the TAR deadline now coincides with the ITR filing deadline, other critical due dates — such as GST quarterly returns, TDS filings, and Registrar of Companies (RoC) submissions — also fall within October. This convergence is expected to put significant pressure on accountants and businesses.

Tax experts warn of penalties for delays. Missing the tax audit deadline, for instance, can attract a fine of up to ₹1.5 lakh or 0.5% of turnover, whichever is lower.

Adding to the pressure, the Delhi High Court on September 25 adjourned hearings on further extension pleas, even as the CBDT highlighted the stability of its e-filing portal, which has already processed over 4.02 lakh TARs and 7.57 crore ITRs.

Professionals advise businesses to plan filings meticulously in October to avoid last-minute hurdles. With festive holidays, including Diwali, shrinking the number of working days, the month is set to be a compliance-heavy period despite the audit deadline extension.

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Rohan
Rohan
Principal Consultant at Market Stats Insight
Rohan Patil is a seasoned Healthcare Principal Consultant at Market Stats Insight and Precedence Research, with more than 5 years of experience in market intelligence and strategic insights. Holding a BSc in Biotechnology and an MBA in Marketing, he combines scientific expertise with business acumen to deliver data-driven analysis. Rohan specializes in the medical device sector and closely tracks innovations shaping the future of healthcare. His research helps global clients identify growth opportunities, assess risks, and stay competitive in a rapidly evolving market landscape.
Rohan
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Rohan

Rohan Patil is a seasoned Healthcare Principal Consultant at Market Stats Insight and Precedence Research, with more than 5 years of experience in market intelligence and strategic insights. Holding a BSc in Biotechnology and an MBA in Marketing, he combines scientific expertise with business acumen to deliver data-driven analysis. Rohan specializes in the medical device sector and closely tracks innovations shaping the future of healthcare. His research helps global clients identify growth opportunities, assess risks, and stay competitive in a rapidly evolving market landscape.