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CBDT Extends Tax Audit Deadline to October 21 for AY 2026-27, Granting Taxpayers Relief
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Moneycontrol•28-09-2026, 16:43
CBDT Extends Tax Audit Deadline to October 21 for AY 2026-27, Granting Taxpayers Relief
- •The Central Board of Direct Taxes (CBDT) has extended the deadline for filing tax audit reports for Assessment Year (AY) 2026-27 to October 21, 2026.
- •This extension provides relief to taxpayers and tax professionals who had requested more time due to the extensive workload involved in completing audits.
- •The previous deadline for submitting tax audit reports was September 30, 2026, and the demand for an extension had grown significantly.
- •Tax audit compliance requires reconciling financial information with GST returns, verifying TDS/TCS details, and checking data from Form 26AS, AIS, and TIS.
- •Taxpayers should utilize this additional time to complete reconciliations, update financial records, and provide necessary documents to their chartered accountants, ensuring timely approval of the audit report.
Key Questions Answered
The Central Board of Direct Taxes (CBDT) extended the tax audit report deadline for assessment year 2026-27 to October 21, 2026, moving it from the previous September 30 deadline.
Tax professionals and professional bodies urged the extension due to the heavy workload involved in completing audit procedures, verifying disclosures, and reconciling financial information across various tax and financial records.
The due date for furnishing the Return of Income for Assessment Year 2026-27 for applicable persons has been extended from October 31, 2026, to November 21, 2026.
