LatestAccounting And Audit 2 October 2026
Tax Audit Deadline Extended: Key Checks Before Filing Returns
The income tax department has extended the tax audit filing deadline, giving taxpayers extra time to submit returns. Filers should double‑check items like interest earned on NRE fixed deposits, exemption limits, possible refunds, and ensure correct ITR filing to avoid penalties.
The tax audit filing deadline has been pushed back, allowing taxpayers additional days to complete their income tax returns. For full details, see the Economic Times article.
Key checks before filing:
- Verify whether interest earned on NRE fixed deposits is taxable.
- Confirm exemption limits and any applicable thresholds.
- Review potential tax refunds and ensure they are correctly claimed.
- Follow the correct ITR filing procedure to avoid penalties.
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