Accounting And Audit 6 September 2026
ITR Filing Audit Deadline Extended to Oct 31 for High‑Value Taxpayers
The Income Tax Return filing deadline for taxpayers who must undergo a tax audit has been set for October 31. The mandatory audit threshold has been increased to ₹10 crore, and audits may also be triggered by specific conditions such as high transaction volumes or irregular reporting, prompting affected individuals and businesses to act promptly.
- Deadline: Taxpayers needing a mandatory audit must file their ITR by October 31.
- Threshold change: The audit limit is now ₹10 crore, up from the previous level.
- Additional triggers: Audits may also be required for high transaction volumes, unusual accounting patterns, or other red‑flag indicators.
For full details, see the original report on Zoom News.
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