Company Registration 6 September 2026
LLP Audit Triggers Extended ITR Deadline
India's Income Tax Appellate Tribunal ruled that partners of limited liability partnerships whose accounts are mandatorily audited under the LLP Act are eligible for the extended filing deadline under section 139(1). The decision confirms that the extension applies even without a separate tax audit, aligning LLP audit requirements with income‑tax timelines and allowing loss carry‑forward benefits.
The Income Tax Appellate Tribunal (ITAT) has clarified that LLP audits qualify for the extended ITR due date under section 139(1). This applies when the LLP’s accounts are mandatorily audited under the LLP Act, even if a separate tax audit is not conducted.
- Partners can now file returns by the extended deadline.
- The ruling also permits the carry‑forward of business losses as outlined in the tribunal’s order.
For full details, see the Taxscan article.
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