LatestCorporate Compliance 6 October 2026
Tax Audit Extended 21 Days, Relief
The income tax circular has added 21 days to the deadline for filing the annual return in Form MGT‑7. Companies that met the original schedule still must follow the same rules, while late filers may qualify for limited relief only if they meet specific conditions such as no previous defaults and prompt payment of any tax due, as clarified by the tax authority.
Update: The income tax circular now gives an extra 21 days to submit Form MGT‑7.
- Original filing deadline unchanged for companies that met it on time.
- Late filers may receive relief only if they satisfy conditions such as no prior defaults and timely payment of any due tax.
For full details, see the CAclubindia article.
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