CBDT extends last dates for Income Tax audit report and ITR filing: All you need to know

The Central Board of Direct Taxes (CBDT) on Wednesday, October 29, extended the due date of furnishing of Income Tax Return (ITR) for taxpayers whose accounts need to be audited from October 31 to December 10, 2025.

The last date to submit the tax audit report has also been extended to November 10, 2025.

"The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025," the Income Tax Department said.

"The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025," it added.

The original due date to submit the tax audit report was September 30, and it was earlier extended to October 31, 2025.

The failure to meet the deadline can result in penalties under Section 271B. If taxpayers fail to get their accounts audited on time, then they may face a penalty of 0.5% of their total turnover or gross receipts, capped at ₹1.5 lakh.

Who is required to submit audit report?

As per section 44AB of the Income Tax Act, 1961, following individuals and entities are mandatorily required to get their accounts audited by a Chartered Accountant:

Professionals: An individual carrying on a profession is required to undergo a tax audit if their gross receipts exceed ₹50 lakhs in a financial year.

The CBDT had extended the last date for submitting the tax audit report to October 31 in view of representations of the tax practitioners and their submissions before the courts.