The government has announced an extension of the due date for filing the Tax Audit Report for the financial year 2023-24. This offers taxpayers additional time during the busy tax season. Here are the key points:
Extension Announcement
The deadline for submitting the Tax Audit Report has been extended from September 30, 2024, to October 7, 2024. This gives taxpayers an extra week to complete their filings.
ITR Filing Deadline Unchanged
Despite the extension for the audit report, the deadline for filing Income Tax Returns (ITR) remains October 31, 2024. The extension does not apply to ITR filings.
Key Dates
- Tax Audit Report Due Date: Extended to October 7, 2024.
- ITR Filing Due Date: Remains October 31, 2024.
Important Reminder
If you file your ITR after October 31, 2024, a late fee will apply. Partnership firms should also note that partner ITRs are due by October 31 if the firm’s audit is completed.
This extension provides much-needed relief, allowing taxpayers more time to file their Tax Audit Reports accurately without rushing.