Accounting And Audit 28 September 2026
Tax Audit Deadline Sept 30, No Extension
The Income Tax Department has kept the tax audit filing deadline fixed at September 30, 2024, with no extension. Late filers face daily penalties that can total up to the full tax liability, and the audit threshold rises to ₹10 crore when cash receipts and payments are under 5 % of total transactions.
The Income Tax Department confirmed that the tax audit filing deadline remains 30 September 2024 with no extension granted.
- Penalties: Late filing attracts a daily penalty that can accumulate to 100 % of the tax liability.
- Audit limit: The threshold increases to ₹10 crore for entities where cash receipts and payments are less than 5 % of total transactions.
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