LatestAccounting And Audit 19 October 2026
Income Tax Audit Deadline Approaches: Final Checklist for Oct 21
The income‑tax audit deadline is October 21, and professionals with gross receipts over ₹50 lakh must verify Form 3CD details. Key items are turnover, accounting method, depreciation and required disclosures to avoid penalties. A short checklist can ensure compliance.
The income‑tax audit filing deadline is October 21. Professionals whose gross receipts exceed ₹50 lakh should review their Form 3CD carefully before submission. For full details see the Livemint article.
- Verify turnover figures match books
- Confirm the accounting method chosen is correctly applied
- Ensure depreciation claims are calculated per rules
- Check all mandatory disclosures are completed
- Use a pre‑submission checklist to avoid last‑minute errors
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