Income Tax Audit Deadline Extended: Key 5 Points to Know

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing the income tax audit report for FY 2024–25 from September 30, 2025, to October 31, 2025. This extension provides much-needed relief for taxpayers and professionals. Here are the 5 important points you should know:

1. Who is Eligible?

Taxpayers with business turnover above ₹1 crore (or ₹10 crore if cash transactions are limited) and professionals with income above ₹50 lakh in a year must undergo a tax audit.

2. New Extended Deadline

The due date for filing the tax audit report is now October 31, 2025, instead of the earlier September 30, 2025.

3. Filing of ITR Linked

The filing of the Income Tax Return (ITR) for audit cases is directly linked with the tax audit report submission. Any delay in filing the report may affect ITR submission.

4. Penalty for Delay

Failing to file the audit report on time can attract a penalty under Section 271B of the Income Tax Act. The penalty is the lower of ₹1.5 lakh or 0.5% of turnover/sales.

5. Relief for Taxpayers

The extension gives chartered accountants and taxpayers extra time to compile, verify, and file accurate reports without rushing through the process.