Income tax audit deadline extension: From eligibility, deadline to penalty — 5 points you need to know

Income Tax audits must now be submitted by October 31, 2025, after an extension by the Income Tax Department. Tax audits are required for businesses with turnover above ₹1 crore and professionals exceeding ₹50 lakh in gross receipts, ensuring adherence to the Income Tax Act.

Leave a Reply

Your email address will not be published. Required fields are marked *