Income Tax: Taxpayers paying income tax have got a big relief today. The Central Board of Direct Taxes i.e. CBDT has extended the last deadline for filing separate audit reports for the last year i.e. 2023-24. Actually, today 30th September is the last date for filing Income Tax Audit Report but in view of the technical difficulties being faced by certain taxpayers, the Income Tax Department has taken this decision.
Know till when the last date has been extended
The last date for filing income tax audit report has been extended by 7 days. It has been extended till 7 October 2024. The reason for increasing it is that this decision has become necessary in view of the difficulties taxpayers are facing in filing audit reports, especially in electronic filing. Today, even before the completion of the last date, CBDT has taken a decision and provided convenience to a large number of taxpayers who have submitted audit reports.
✅Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assesses referred in clause (a) of Explanation. 2 to sub-section (1) of section 139… pic.twitter.com/jyuadaXm71
— Income Tax India (@IncomeTaxIndia) September 29, 2024
When is the last date for taxpayers to get audited?
Many taxpayers who get audited have to first file the audit report and then deposit the tax along with the audit report. If taxpayers lag behind or fail to submit the audit report, the penalty imposed on them can go up to Rs 1.5 lakh. Therefore, today taxpayers have got 7 more days to do this work so that they can file the audit report on time. Now the Income Tax Department has extended its last date. This decision has been taken under sub-section (1) of Income Tax Act 139.
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