Tax Audit Due Date Extended to October 31, 2025

Major Relief for Taxpayers

The Central Board of Direct Taxes (CBDT) has announced a significant one-month extension for the tax audit due date. The deadline has been extended from September 30, 2025 to October 31, 2025, providing much-needed relief to businesses and professionals.

Who Benefits from This Extension?

This extension applies to:

• Businesses required to conduct tax audits under Section 44AB
• Professionals whose gross receipts exceed ₹50 lakhs
• Entities opting for presumptive taxation but required to maintain books
• Transfer pricing audits under Section 92E

Corresponding ITR Filing Extension

With the tax audit deadline extended to October 31, 2025, the corresponding income tax return filing deadline for audit cases is also extended to November 30, 2025.

Why This Extension Matters

This extension is particularly beneficial because:

1. Additional Time for Compliance: Businesses get more time to prepare accurate audit reports
2. Quality Assurance: Auditors can conduct thorough reviews without time pressure
3. Better Documentation: Companies can ensure all financial records are properly maintained
4. Avoid Penalties: Reduced risk of late filing penalties due to time constraints

Key Documents Required for Tax Audit

Ensure you have the following ready:

1. Books of Accounts: Complete financial records for the year
2. Bank Statements: All business bank account statements
3. Invoices: Sales and purchase invoices
4. Expense Vouchers: Supporting documents for all expenses
5. Stock Records: Opening and closing stock details
6. Fixed Asset Register: Details of all assets and depreciation

Penalties for Non-Compliance

It’s crucial to note that failing to get books audited or file returns after October 31, 2025 will result in:

• Penalty of 0.5% of total sales/turnover or ₹1,50,000 (whichever is less) under Section 271B
• Late filing fees for income tax returns
• Possibility of prosecution in serious cases

Our Tax Audit Services

A.R. Trawadi & Associates provides comprehensive tax audit services to ensure full compliance with income tax regulations. Our experienced team can help you:

• Prepare accurate financial statements
• Conduct thorough tax audits
• File Form 3CA/3CB and Form 3CD
• Ensure timely ITR filing

Take Action Now

Don’t wait until the last moment. Start preparing for your tax audit today:

1. Organize all financial records
2. Reconcile bank statements
3. Verify all expense claims
4. Schedule your audit appointment

Need Professional Assistance?

Our team is ready to help you navigate the tax audit process smoothly. Contact us to schedule a consultation and ensure your business remains fully compliant.

Conclusion

While the extension to October 31, 2025 provides breathing room, it’s advisable to complete your tax audit well before the deadline. Early preparation ensures accuracy and peace of mind.

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